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“Get rid of CO2 but retain established production processes and value chains as far as possible” - the motto is embedded into the fabric of thyssenkrupp Steel’s climate strategy. The company endeavours to step into a hydrogen-powered green future while staying in the upper echelons in terms of the quality of steel grades.

“Manufacturing steel is one of the largest industrial sources of greenhouse gas emissions. Boston Metal is working on a clean way to make metal that could revolutionise the steel industry and help fight climate change,” Bill Gates describes Boston Metal, the American start-up backed by his $1 billion fund, Breakthrough Energy Ventures.

For Green Steel World, April is a special month. It is a month when we get the opportunity to further develop dialogue, views, ideas, and action for the rapid decarbonisation of the steel industry. April will witness the launch of two parallel shows: Green Steel World (GSW) and Hydrogen Tech World (HTW). Each brand will feature its own conference programme as well as a dedicated expo area, but all conveniently arranged in a single exhibition hall.

SteelZero is the first initiative which focuses on driving a powerful demand signal for net zero steel. In an exclusive interaction with the Green Steel World, Ms Jen Carson, Head of Industry, SteelZero at the Climate Group, talks about how the initiative aims to send a strong demand signal to shift global markets and policies towards responsible production and sourcing of steel.

The Sustainable STEEL Principles are a ready-to-use solution for measuring and disclosing the 1.5°C alignments of steel lending portfolios. These were carefully designed over the course of a year by the aforementioned working group facilitated by the RMI to support the practical achievement of net zero emissions in the steel industry.

In an engaging conversation with the Green Steel World, Mr Harssha Shetty, CEO, Jindal Shadeed Iron & Steel LLC (JSIS), and Executive Director Marketing, Vulcan Green, talks about the company, the upcoming plant, green hydrogen, DRI (Direct Reduced Iron), demand for green steel and much more.

The Plan builds on previous initiatives and relies on the strengths of the EU Single Market, complementing ongoing efforts under the European Green Deal and REPowerEU. It is based on four pillars: a predictable and simplified regulatory environment, speeding up access to finance, enhancing skills, and open trade for resilient supply chains.

Most of the world’s steel is produced via blast furnaces which produce iron from iron ore and basic oxygen furnaces which turn that iron into steel. Researchers from the University of Birmingham have designed a novel adaptation for existing iron and steel furnaces that could reduce carbon dioxide (CO2) emissions from the steelmaking industry by nearly 90%.

Simply put, sustainable finance refers to the process of taking environmental, social and governance (ESG) considerations into account when making investment decisions in the financial sector, leading to more long-term investments in sustainable economic activities and projects. According to the Head of ESG, FIC, Deutsche Bank, decarbonising the steel industry will cost more than 1.4 trillion dollars and that is why the emerging sustainable finance market has a key role to play in funding the transition.

Swiss Steel Group owing to its expertise in recycling, electric arc furnace technology and the highest operating standards, has already been able to reduce the carbon footprint of its products to well below the industry average. But it strives to further reduce its environmental footprint until the Swiss Steel Group name stands for climate-neutral steel.