Baowu Steel Group actively integrating into the low-carbon transformation
2019-10-18 17:05:46 [Print]
China Baowu Steel Group Co., Ltd. announced on October 17 that China Baowu Steel is actively integrating into the low-carbon transformation of the global steel industry.
China Baowu Steel Group is the number one steel company ranking in China and the second in the world. In December 2016, Wusteel, the first large-scale iron and steel enterprise in China, and Baosteel, the large-scale steel enterprise built in the early days of China's reform and opening up, were reorganized into China Baowu Steel Group. In September 2019, China Baowu and Magang Group signed a restructuring agreement. After that, the total output will account for about 9.4% of China's crude steel production.
Chen Derong, chairman of China Baowu Steel Group, said that the low-carbon transformation of global steel industry requires the active participation and active action of Chinese companies. China's steel production accounts for 50% of the world's. China's huge production capacity can provide sufficient market demand and application scenarios for global steel low-carbon process and technological innovation, and guarantee for maximizing the benefits of green technology innovation.
At the recent World Steel Association Executive Council meeting in Monterrey, Mexico, China Baowu Steel Group issued an initiative to establish the Global Green Low Carbon Metallurgy Alliance.
China Baowu Steel Group is the number one steel company ranking in China and the second in the world. In December 2016, Wusteel, the first large-scale iron and steel enterprise in China, and Baosteel, the large-scale steel enterprise built in the early days of China's reform and opening up, were reorganized into China Baowu Steel Group. In September 2019, China Baowu and Magang Group signed a restructuring agreement. After that, the total output will account for about 9.4% of China's crude steel production.
Chen Derong, chairman of China Baowu Steel Group, said that the low-carbon transformation of global steel industry requires the active participation and active action of Chinese companies. China's steel production accounts for 50% of the world's. China's huge production capacity can provide sufficient market demand and application scenarios for global steel low-carbon process and technological innovation, and guarantee for maximizing the benefits of green technology innovation.
At the recent World Steel Association Executive Council meeting in Monterrey, Mexico, China Baowu Steel Group issued an initiative to establish the Global Green Low Carbon Metallurgy Alliance.
