How eco-friendly steel is transforming the steel industry
Steel is utilised extensively. It has been the most frequently utilised metal for the past two centuries and is a vital component of the infrastructures that support our modern industrial society. Its value chain supports tens of millions of employment and nearly $3 trillion in economic activity. Unfortunately, its production method contributes around 8 percent to atmospheric greenhouse gas emissions, second only to electricity generation. As is the case with many other mature organisations today, social, environmental, and regulatory trends are compelling the steel industry's participants to prioritise sustainability improvement. Failing to develop a decarbonization strategy and begin meeting greenhouse gas reduction targets immediately could have a negative impact on the industry's reputation and future value as companies consider how to achieve the long-term goal of producing steel with net-zero emissions across the entire value chain. Check: list of steel manufacturing comp...