Unlocking the First Wave of Breakthrough Steel Investments in China

The report identifies high costs as a primary barrier to the adoption of near-zero-carbon steel technology in China, leading to conservative investment decisions. To overcome these economic hurdles, it suggests a combination of policy instruments, such as green hydrogen subsidies and carbon markets, and market-based mechanisms, including green premiums and forward offtake agreements. The document provides a project-level economic model to analyze transition routes and offers six action recommendations to mobilize stakeholders for faster deployment.

• The transition to near-zero-carbon steel production is hindered by high costs, which lead to conservative investment decisions for capital-intensive projects.
• Accelerating the deployment of near-zero-carbon steel requires a multifaceted approach involving policy instruments, market mechanisms, and financial support.

APA

RMI (2024). Unlocking the First Wave of Breakthrough Steel Investments in China. https://rmi.org/resources/unlocking-the-first-wave-of-breakthrough-steel-investments-in-china/

Chicago

RMI. Unlocking the First Wave of Breakthrough Steel Investments in China. 2024. https://rmi.org/resources/unlocking-the-first-wave-of-breakthrough-steel-investments-in-china/.

Wikipedia

{{cite report |author=RMI |title=Unlocking the First Wave of Breakthrough Steel Investments in China |date=19 November 2024 |url=https://rmi.org/resources/unlocking-the-first-wave-of-breakthrough-steel-investments-in-china/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2024unlocking, author = {{RMI}}, title = {{Unlocking the First Wave of Breakthrough Steel Investments in China}}, institution = {RMI}, year = {2024}, month = nov, url = {https://rmi.org/resources/unlocking-the-first-wave-of-breakthrough-steel-investments-in-china/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }