Salzgitter plans to phase out steel production from blast furnaces in the future. Instead, the company will implement more advanced methods of steel production.
Crude steel production from China fell for the fifth straight month in November on government’s actions to cut production to clean up the environment in a bid to reach its carbon neutrality goal by 2060.
To achieve this goal, company initiated ‘green tubes’ program in 2020, which focuses on reducing the CO2 footprint in tube production.
South Korea’s POSCO plans to focus on expanding and “greening” its steel business after it is spun-off.
Sweden has shown it has potential to become a pioneer in green steel production. This is stated in the study of Wood Mackenzie
It may take over a decade to adopt viable methods of green steel production to meet carbon-neutral goals, Chairman of the World Steel Association Sajjan Jindal said.
