The extensive use of coal in the steel metallurgy sector has resulted in significant greenhouse gas emissions. Hydrogen-rich gases have been introduced to partially replace coal in the blast furnace reduction process to mitigate this issue. This research explores using abundant coalbed methane (CBM) resources near steel plants for metallurgical applications. Addressing the challenge of determining optimal process parameters in hydrogen-rich blast furnace smelting, this project first develops an energy and mass balance model for the hydrogen-rich blast furnace, providing a foundation for process analysis. Using this model, the substitution ratio and oxygen enrichment rate of the blast furnace are calculated under varying preheating temperatures of coalbed methane. Additionally, this study assesses carbon dioxide emission patterns based on the elemental balance principle, emphasizing the potential of coalbed methane to reduce carbon emissions and support low-carbon metallurgical development.