China Baowu initiated the Global Low-Carbon Metallurgical Innovation Alliance and established in Shanghai
On November 18th, a total of 62 steel companies, universities, and scientific research institutions from 15 countries gathered together to establish a global low-carbon metallurgical innovation alliance under the initiative of China Baowu, the world's largest steel company. China Baowu also released to the world six roadmaps of low-carbon metallurgical technology to implement the timetable. Sang Jie, vice president of the world's second largest steel company ArcelorMittal Group and CEO of China, said that the establishment of this alliance is equivalent to investing a "catalyst" in the carbon emission reduction work of the global steel industry.
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