Steel production could be achieved with almost no carbon emissions via US$ 278 billion of extra investment by 2050, according to a new report from research firm BloombergNEF. Hydrogen and recycling are likely to play a central role in reducing emissions from steel production. Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries.
Ecological transition; regionalisation of markets and neo-protectionism; digital innovation; economic acceleration after the COVID-19 crisis - these are just some of the macro trends that are changing the steel value chain and will be discussed during the ninth edition of Made in Steel, the conference and exhibition in Milan, Italy, from 5-7 October 2021.
Despite the economic downturn, Voestalpine generated revenues of 11.3 billion euros for 2020/21. We highlight the Group’s latest projects, new material innovations and strategy for growth in the July/August 2021 issue of ISMR.
Caption for above image: Martin Lundstedt, President and CEO, Volvo Group.
SteelZero, a global initiative aimed at driving market demand for net zero steel, launched recently with support from eight major steel buyers and specifiers from across sectors (including construction and renewable energy). This marks the beginning of a significant global business push for clean steel.
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