China – responsible for more than half of global steel production – is ramping up its ambitions to hold onto its world-beating title as the industry shifts towards zero emissions. While the price of steel soars amid a post-pandemic resurgence of demand, the country’s output curbs should allow a sufficient margin for industrial players to invest in decarbonization technologies, though its route through the quagmire is currently unclear. According to a Monday post on WeChat – China’s prominent social media platform – the country’s Metallurgical Industry Planning and Research Institute is aiming to reach peak emissions before 2025. The organization cited a draft plan which also aims to cut the sector’s emissions by 30% by the end of the decade,…