The Three Phases to Green Steel Production

Green steel is the term that has come to embody this global transformation of the metals industry.

SEATTLE (Scrap Monster):  Steel is a highly sustainable product that is nearly infinitely recyclable and crucial to the infrastructure necessary for developing industries, including e-mobility and renewable energy. However, the CO2 generated by every ton of crude steel production is nearly double that of the steel produced. Overall, the iron and steel industry is responsible for 7-10% of global carbon emissions. 

As a result, the sector must fundamentally change how metals are produced, with sustainability principles at the core of the process, supported by new technologies, clean energy sources and the application of artificial intelligence. Green steel is the term that has come to embody this global transformation of the metals industry. 

With demand for eco-friendly production coinciding with a steady increase in underlying steel demand, a premium price for green steel will emerge, helping to fund the transformation of production routes and creating a sustainable industry.

However, this transition will not occur overnight; the experts at Primetals Technologies see the transition in three phases. 

- The optimization phase

- The transition phase

- Achieving green steel

Courtesy: www.spectra.mhi.com

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