Introduction: STEEL INDUSTRY IN THE "14TH FIVE-YEAR PLAN" may be included in the carbon emissions trading market. In recent years, China's iron and steel industry has made remarkable progress in ultra-low emissions, there are 610 million tons of crude steel production capacity is being implemented ultra-low emissions. The steel industry's cap-and-trade scheme began to be studied in 2018. "The steel industry should and can participate in the national carbon emission trading market as early as possible during the 14th five-year plan period, " said the 2020 China Steel Energy Conservation and Emission Reduction Forum hosted by the Metallurgical Industry Planning and Research Institute. Steel and the carbon market? What’s going on? Data shows that carbon trading market is an effective economic means to reduce the cost of carbon reduction, which has a positive effect on promoting energy-saving and emission reduction of emission control enterprises, enhancing the awareness of low-carbon transformation, and improving the capacity of carbon asset management. And the steel industry is in full swing of the ultra-low-emission transformation. China is the world's largest steel producer and consumer, accounting for nearly 50% of the world's crude steel production, accounting for nearly 15% of China's total carbon emissions. With the realization of ultra-low emission in thermal power industry, the Iron and steel industry has become the largest polluter, and the emission of particulate matter, SO2 and NOx account for 30.1% , 13.7% and 15.5% of the total emission respectively. 7% . Other data show that China's crude steel output reached a record high of 996 million tons in 2019 and will remain at a high level for some time to come. But do not panic, although steel production is growing, but China's steel industry in the prevention and control of pollution also exceeded expectations. The main performance is in the following areas: The positive response, greater efforts to promote. It is understood that up to now a total of 22 provincial-level departments of the ecological environment issued the implementation of ultra-low transformation program. There is a precedent for whole-process management and control, and a big step forward for ultra-low emissions. After the complete treatment of the whole process of ultra-low emission in Qian 'an iron and Steel Company of Shougang, the pollution emission basically realizes "near zero" , which makes our country master the whole process of ultra-low emission technology system. In addition, Liu Bingjiang, director of the Department of Atmospheric Environment of the Ministry of Ecological Environment, also listed three big data at the meeting. First, during the 13th five-year plan period, China's iron and steel industry has eliminated at least 170 million tons of excess capacity; Second, the production capacity of electric arc furnace steelmaking has doubled in the last five years, and the process emission reduction exceeded expectations; third, 228 iron and steel enterprises nationwide, 610 million tons of crude steel capacity is being retrofitted for ultra-low emissions. To sum up, during the "14th five-year plan" period, China will achieve the goal of "fully implementing ultra-low emissions in the steel industry" mentioned by he Wenbo, Party secretary and Executive Chairman of the Iron and Steel Industry Association at the meeting. In fact, as early as the end of 2017, the electricity industry was the first to be included in the national carbon emissions trading market, which means that more industrial enterprises will be included in the future. The reason is obvious, that is, industry has been China's energy consumption, accounting for more than 70% of the national carbon emissions, on the road of carbon emission reduction, of course, industrial enterprises should bear the brunt. On May 26,2018, Li Xinchuang, president of the Planning and Research Institute of Metallurgical Industry, pointed out that the carbon emission trading quota scheme for the steel industry is being studied and formulated. According to this, this action will be implemented during the "14th five-year plan" period. Carbon emission trading market is an important means to guide the low-carbon transformation of enterprises. Industry insiders generally believe that carbon emissions trading market in the "14th five-year plan" will have a big development. Especially for the high carbon emission industries, including the steel industry, building materials, petrochemical, chemical, non-ferrous metals and electric power six high energy-consuming industries account for more than 70% of the total energy consumption of the industry. Therefore, some experts have pointed out that during the 14th five-year plan period, the carbon market will be extended to petrochemicals, chemical raw materials and chemical products manufacturing, Ferrous and calendering, Non-ferrous metal, paper and paper products, civil aviation and other enterprises that consume 10,000 tons of coal per year.