Steel is on the pathway to decarbonization: don’t let unforeseen roadblocks hinder us
<p>Across the globe, steelmakers and buyers alike are recognizing the need for a revolution in the way we make steel. Updated steelmaking processes have a critical role to play in decarbonizing the global economy — but come with risks and bottlenecks in the supply chain that we must recognize and combat early if we are to clean up steelmaking at the speed needed to avoid the worst consequences of climate change.</p>
<p>Steel lays groundwork for our daily lives: from the towering skyscrapers that define our urban landscapes; to the machinery that drives our industries; and the vehicles that propel us forward. There is a reason that creating a new project is referred to as putting “steel in the ground”. But this pervasive good comes at a steep carbon cost: steel accounts for<a href="https://www.iea.org/reports/iron-and-steel-technology-roadmap" rel="noopener ugc nofollow" target="_blank"> 7% of global greenhouse gas</a> emissions today, and without innovation that percentage would only grow in 2050. As companies and countries alike look to meet net-zero targets, traditional steelmaking pathways are no longer viable.</p>
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