China's economy harvests prosperity in golden autumn

China's steel production has steadily increased in 2023, with its proportion of global output growing, according to the 12th China International Steel Congress and the Global Low-Carbon Metallurgy Innovation Forum 2023 held in Shanghai.

Data shows that China's steel production accounted for 53.9 percent of the global total in 2022 and the industry focuses on low carbon emissions and optimal energy efficiency.

In the first eight months of this year, companies improved their steel production efficiency with a 0.1 percent reduction in energy use, 0.36 percent less electricity consumption and a 3.4 percent decrease in freshwater consumption per ton of steel.

Major steel enterprises have achieved world-leading levels of air pollutant emission intensity, with over 500 million tons of production capacity having completed or undergoing ultra-low emission upgrades.