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Why Green Steel?
Demand
Steel is one of the most critical engineering and construction materials. Globally 1.8bn tonnes of steel are produced per year. Demand for steel and Green Steel in particular is predicted to grow by > 30% by 2050 (IEA 2020) as global economies transition to low emissions.
End Uses
Companies in the automotive and the building & infrastructure sectors are moving rapidly to secure supply of Green Steel as they look to respond to customer demand and abate emissions in their product offerings.
New Technologies
A global shift from the dominant blast furnace/basic oxygen furnace method of steelmaking towards electric arc furnace and new hydrogen powered direct reduced iron methods for iron production and steel respectively is here now.
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