Climate change is inducing change towards a fossil-free steelmaking industry which is a considerable contributor to global CO2 emissions. Change has already started. International policies and national legislation are taking shape to put pressure on the industry. Migration to fossil-free operations and green steelmaking is a delicate strategic decision that requires considerable effort.
Iron- and steelmaking is a key enabler
The iron- and steelmaking operations are a considerable contributor to the world’s CO2 emissions, corresponding to 6-7% of the global total. The blast furnace (BF) ironmaking process is the dominating emitter in the integrated steelmaking route where the coking coal is added to reduce the oxide iron ore while forming metallic iron and CO2.
Governmental roadmaps, long-term commitments, and a greener orientation within many business areas have now started to pressure the steel industry to change. Consequently, considerable efforts are currently underway to find alternative methods for converting iron ore to iron. This will transform the integrated steelmaking route and have considerable impact on the scrap-based operators which are to expect significant changes in the steel scrap and electrical energy markets.
Time is now to evaluate the future options and formulate a transition plan to meet the future requirements and avoid being forced into transformation.
This content will guide you on taking control and reframing the future based on your most viable scenario going forward.
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