BEIJING, Nov. 19 (Xinhua) According to the news of the central bank official website on the 19th, the central bank released the "Report on the Implementation of China's Monetary Policy in the Third Quarter of 2021" (hereinafter referred to as the "Report"). According to the Report, direct financing support should be increased to promote the green transformation and low-carbon development of iron and steel enterprises.

The central bank pointed out that the steel industry accounts for about 15% of the country's total carbon emissions, which is the industry with the largest carbon emissions in the manufacturing industry, and also an important industry to promote the low-carbon transformation in the "30.60" goal. During the "Thirteenth Five-Year Plan" period, the steel industry focused on promoting supply-side structural reform, continuously resolving excess capacity, and promoting innovation and green development. Since 2021, driven by sustained economic recovery, strong market demand and other factors, the operating income and profits of the steel industry have increased significantly.

According to the statistics of Iron and Steel Association, from January to September, the operating income of large and medium-sized iron and steel enterprises increased by 42.5% year-on-year, and the profits increased by 1.23 times year-on-year. At the same time, the low-carbon transformation of the iron and steel industry is progressing steadily. As of July, about 650 million tons of crude steel production capacity of 237 iron and steel enterprises in China have been completed or are implementing ultra-low emission transformation, accounting for about 61% of the national crude steel production capacity. From January to September, the emissions of sulfur dioxide, soot and dust from large and medium-sized iron and steel enterprises decreased by 18. 5% respectively.