The European steel industry is at the forefront of technical innovation, investing billions of euros a year in research and development. Its innovations have helped the sector refine its processes, create thousands of different grades of steel, and remain at the forefront of CO2 reduction efforts.
The European steel sectors' focus on constant improvement is centred on improving steels and upon improving how steel is made.
The European steel sector has created thousands of new grades of steel, many only invented in the past few decades. These widen the potential uses for steel, and improves its durability and sustainability.
Improving how steel is made is vital to the sustainability of the sector. European producers have already made great strides, cutting in half energy use and emissions since 1960. This work is being even further ramped up as the need to sharply reduce greenhouse gas emissions becomes ever more imperative.
The EU's Joint Research Centre has just published a detailed report on production costs for iron and steel in the EU and third countries, exploring the various production factors that make up the competitiveness of these sectors.
Brussels, 17 September 2020 – The European Commission has today published its revised target to reduce emissions by 55% by 2030, compared to 1990 levels. While the European steel industry is already hard at work developing new ways to produce carbon-lean steels, the EU needs to implement a set of concrete measures, as soon as possible, to ensure that decarbonisation is achieved while actually ensuring growth and sustainability.
Smart Carbon Usage: pathway and projects.