China's Special Action Plan for Energy Conservation and Emission Reduction in the Iron and Steel Industry, released in June 2024, aims to significantly reduce energy consumption and CO2 emissions in the steel sector during 2024-2025. The plan sets specific targets including a 2% reduction in energy use per tonne of steel, a 53 million tonne decrease in CO2 emissions, and an increase in electric arc furnace production to 15% of total steel output by the end of 2025.