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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.

Effective decarbonisation of the steel sector is being touted as a key wedge for achieving net zero emissions by 2050. And for quite some time now, there has been a pressing need to have a consistent set of rules, guidelines, or definition of low-emissions steel, aka green steel. On 14 September 2022, ResponsibleSteel launched the International Standard V2.0 in a bid to increase reliability, ensure consistency, enable buyers to specify what green procurement means and maximise steel’s contribution to a sustainable society.

SSAB is aiming to launch the world's first fossil-free steel at a commercial scale by around 2026. While the greener variant of the metal is the hottest topic on the steel market right now, there is still a lot of obscurity around it. To answer some of the key questions, the Swedish company recently hosted a factpacked webinar called, “What is fossil-free steel and when will production start?”.

In an exclusive interview with Green Steel World, Mr. Tim Kleier, Head of Green Steel at SMS group, talks about how the company that stands for future-oriented technology is creating new perspectives beyond its core business and taking responsibility for the industry and society as a whole very seriously.

The Badische Group’s dynamic duo is in a unique position because BSE’s products and services are based not on theory, but on more than five decades of operational experience at BSW. That is the reason why BSE gets approached since 1983 by steel mills all over the world to increase their productivity, reduce energy consumption and their environmental impact like direct CO2 emissions.

China, India, Japan, and South Korea’s combined production of crude steel accounted for nearly 68% of the world’s total production in 2021 as per the World Steel Association data. While most from the region kept their decarbonisation plans under wraps, in December 2020, South Korean steel giant POSCO became the first to officially declare a carbon-neutral plan by fostering the hydrogen industry.