News » A Green Deal on Steel video series - episode 3
A Green Deal on Steel video series - episode 3
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This is the third episode in EUROFER's Green Deal on Steel series: The pathways to low-carbon steelmaking.
Carbon-lean steelmaking relies on new ways of doing things. Current steelmaking technology is at its absolute limits. The ‘transition’ to low-carbon steel is actually a technological revolution.
The European steel industry has found two main ‘pathways’ that together could lead to 80-95% reductions in CO2 emissions from steel production by 2050. These pathways are reinforced by an overarching commitment to the circular economy through resource efficiency and the recycling of steel.
The technological pathways are Smart Carbon Usage and Carbon Direct Avoidance.
Smart Carbon Usage seeks to reintegrate so-called ‘process gases’ into the production process or to use carbon monoxide and dioxide as a raw material to make other, useful products.
Carbon Direct Avoidance includes hydrogen-based metallurgy and electricity-based reduction methods using green sources. In this framework, the Electric Arc Furnace route will be fundamental to strengthening the EU steel industry’s position in the circular economy.
If fully implemented, these pathways could change how we make steel in Europe.
Brussels, 22 March 2024 – The future of a strong and resilient EU can only be forged with steel made in Europe. Europe-made low-carbon steel has a strategic role as it enables a net-zero economy, but today it faces strong headwinds from high energy prices, unfair competition, global overcapacity and growing unilateral carbon costs. The year 2023 has recorded the lowest European crude steel production levels ever, with a number of idled plants and dire impact on workers. Ensuring the enabling conditions for the short-term viability and the decarbonisation of the steel sector urgently needs to be at the top of the EU agenda. This is the message delivered by the European Steel Association together with a number of high-level representatives of the sector on the occasion of the Clean Transition Dialogue on Steel in the presence of the Executive Vice Presidents of the European Commission, Maroš Šefčovič and Margrethe Vestager.
Uses, limits, and realistic potentials of demand-side response from the European steel industry along with a broad set of framework recommendations for an EU policy
Antwerp, 20 February 2024 – Today 73 industry leaders spanning almost 20 industrial sectors presented ‘The Antwerp Declaration for a European Industrial Deal’ to Belgian Prime Minister, Alexander De Croo and Commission President, Ursula von der Leyen. The declaration underlines the commitment of industry to Europe and its transformation and outlines urgent industry needs to make Europe competitive, resilient, and sustainable in the face of dire economic conditions.