Steel Industry

For primary steelmaking clean hydrogen-based DRI-EAF has emerged as the main decarbonization pathway, whereas secondary steel needs to switch to clean power sources.

- The industry targets a 45% reduction in intensity for primary steel and a 65% reduction for secondary steel by 2030, and net-zero emissions by 2050.²¹¹

- 70%²¹² of large publicly traded steel companies consider climate change in their decision-making processes.

Steel emissions can be divided into two main categories:

1. Energy-related emissions are primarily due to coal use in the blast furnace basic oxygen furnace (BF-BOF) and EAF processes to produce molten steel for primary steel production.

2. Process-related emissions emanate from the use of coke or natural gas as a reducing agent to convert iron ore into iron for primary steel production.