A significant amount of CO 2 is emitted and utilized in the production processes engaged by iron and steel enterprises. Herein, the feasibility and principles of CO 2 participation in the steelmaking process are analyzed, and an industrial examination of bottom-blown CO 2 smelting in a 120 t converter is performed; this serves to summarize and verify the metallurgical advantages of CO 2 participation in the converter steelmaking process. The injection of CO 2 improves the effects of dephosphorization and denitrification, reduces the end-point oxygen content of molten steel, diminishes the consumption of the slagging agent, and contributes to a reduction in production costs and improvement in product quality. This study analyzes two different recycling paths of CO 2 in iron and steel enterprises, providing a new mechanism for CO 2 emission reduction.