To serve China's dual carbon goals, "greening the process" has become a crucial issue facing the high-quality development of the steel industry.

The projected rise in emissions underscores a critical gap in current sustainability efforts.

It was not possible to obtain a reply from Cleveland-Cliffs to requests for comment by the time of publication.

With advanced technology, a solid industrial foundation, capable talent and favorable policies, steel enterprises in Changzhou, East China's Jiangsu province, are quickly marching toward a smarter and greener stage.

Mining giant Rio Tinto has announced a $143-million investment to establish a research and development (R&D) facility in Western Australia to test the effectiveness of its low-carbon ironmaking process, BioIron.

Currently, disclosures by Chinese companies are largely voluntary and lack uniform standards, according to the ministry.

As a result of this, many big Indian steel conglomerates such as Tata Steel, JSW Steel and ArcelorMittal Nippon Steel were installing a number of scrap-consuming EAFs.

They highlighted that the relaxation of the requirement on the utilization rate of new energy may create about 74 gigawatts of new installations, bringing multiple benefits to key sectors.