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The 8 key takeaways from the European Green Steel Industry Summit in Antwerp- an excellent read from CRU Consulting. Click the link below for the full summary, including detailed info on each of the 8 points. 📓 The key takeaways: 1.) H2-DRI-EAF and scrap-based EAF production are the favored technologies for decarbonisation within Europe 2.) Scrap-based production alone will be insufficient to account for the growth in steel demand  3.) Securing sufficient green H2 will be critical to ensuring widespread H2-DRI-EAF deployment... 4.) ...along with access to high grade iron ore (>66% Fe) 5.) The cost of capital is a significant source of competitive advantage for steel companies 6.) The green premium will impact the profitability of low-carbon steel projects 7.) A standardized "green" steel definition and more transparent CO2 reporting are imperative 8.) European incumbents doubtful CBAM will be comprehensive enough to prevent carbon leakage #recycledmaterial #recycledmetal #scrap #steel #ferrous

We’re pleased to announce that the Open Forum 2024 will take place in Brussels, Belgium on 11 – 12 June. The Open Forum aims to address topics of interest to the steel industry ecosystem by reaching beyond steelmakers to engage with stakeholders, including equipment manufacturers, suppliers, intergovernmental organisations, environmental NGOs, financial institutions, and academia. The topics to be discussed include: 🗨️ Catalysts of change and pivotal moments for the steel industry transition 🗨️ Policy developments and carbon markets 🗨️ Measurement standards and chain of custody approaches 🗨️ Climate litigation, green claims, and conflict of interest 🗨️ People – skills, just transition and communities More details https://ow.ly/clfG50QG2mn #ClimateAction #OpenForum #steelmaking #steelindustry #industrytransition #decarbonisation #lowcarbonsteel #netzero

🌍🏗️ Transforming Steel for a Sustainable Future: Insights into Green European Steel Industry 🍃🔩 #greensteel #sustainableindustry #hydrogensteelmaking This insightful study sheds light on the pivotal role of green hydrogen in revolutionizing the European steel industry. It underscores the need for strategic supply chain management and sustainable practices to achieve an eco-friendly future in steel production. 🌿🏭 📖 Full read here:

This week marks the 95th meeting of the Steel Committee, which is convening here in Paris. I look forward to participating to pivotal discussions with OECD members and industry stakeholders, with a full agenda that will drive the future direction of the industry. The meeting is covering an array of critical topics, including structural changes shaping the steel industry, the most recent capacity developments, an update of the state of the steel industry in Ukraine, and trade policy issues. We will be exploring sustainable pathways for the decarbonisation of the sector and policies aimed at enhancing circularity and raw material availability. #steel #OECD #steelcommittee #OECDssco #rawmaterials #decarbonization #circularity #tradepolicy #steeltrade Great work by my colleagues Anthony de Carvalho, Stephan Raes, Fabien Mercier, Luciano Giua - 汪圣博, Adrien Corneille, Sanela Bajrovic, Aryan Agarwal, Danhak Gu, Pieter P., Rodrigo Pazos, Masanobu Nakamizu, Anna Lockwood. Michael Alonzi.

Steelmaking Industry is the planet’s largest carbon-emitting manufacturing sector, making it an immediate global priority for decarbonization. As a building block of the global economy, steel’s carbon footprint touches almost every industry, from automotive and construction to machinery, transportation and energy.

How do international standards impact global trade for low-emissions steel? Today, ResponsibleSteel CEO Annie Heaton spoke as part of the World Trade Organization's Forging the Future panel on why credible, interoperable standards are essential to creating a level playing field and facilitating the trade of responsibly produced steel.   Under the work of the Steel Standards Principles, we are already seeing progress on the alignment of how we measure steel emissions. Consistent and comparable emissions data will enable better trade and competition as well as financing for steel decarbonisation.   ResponsibleSteel set out to facilitate complete comparability of emissions across steel sites and products worldwide, and if you want to compare the decarbonisation progress of steelmakers globally you need to level the playing field. Developing countries need to be able to grow their steel production while reducing emissions. So, when we define 'green steel' it's critical that we take into account the different economic and geographic resources countries have access to.   Not all decarbonisation pathways will be the same or work at the same speed. But by 2030, every steel site should be operating at an emissions intensity lower than today's average at the very minimum if the global industry is to stay aligned with the 2050 commitments set out by the Paris Agreement. Learn more about ResponsibleSteel's work ➡ https://lnkd.in/fqX-tED #steelmaking #decarbonisation #greensteel #trade

𝗘𝗙𝗥𝗦 𝟮𝟬𝟮𝟰 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗱𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗻𝗴 𝘀𝘁𝗲𝗲𝗹 𝗳𝗼𝗿 𝘁𝘄𝗼 𝗱𝗮𝘆𝘀! ganized with the mission “Sustainable Steel; Strong Tomorrows” to shape the future of the steel industry, develop social and professional networks and increase morale and motivation in the industry. In this important event, topics such as steel production and recycling, low #carbon production, #green agreement and digitalization will be handled. 𝗣𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝗻𝘁𝘀 𝗮𝗿𝗲 𝗽𝗿𝗲𝗰𝗶𝗼𝘂𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 Managers, engineers, #iron and #steel producers and researchers will come together at this symposium to talk about the sustainability of the #steel industry. In addition, local, foreign and international companies will have stands to showcase their products, services and best practices. https://lnkd.in/dGfn5smA

The debate on #decarbonsation is heating up in the #steel industry. Lots of questions on #greensteel, how a green steel premium should be defined and crucially what figure to put on it. CRU is at the 2nd European Green Steel Summit here in Düsseldorf. If you are too, get in touch. We at CRU have recently launched our Steel Emissions Abatement Value (CRUsteav). This is the key benchmark the industry is looking for, and can help stakeholders in the steel value chain explain the value of CO2 emissions reduction. If you want to learn how CRUsteav can help you make decisions - whether to determine how much to pay for low-emission steel, how viable investments are, or what future production technologies and commercial strategies to pursue - let me know!

🌍 𝐏𝐫𝐢𝐦𝐞𝐭𝐚𝐥𝐬 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐣𝐨𝐢𝐧𝐬 𝐭𝐡𝐞 𝟐𝐧𝐝 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐆𝐫𝐞𝐞𝐧 𝐒𝐭𝐞𝐞𝐥 𝐒𝐮𝐦𝐦𝐢𝐭 𝟐𝟎𝟐𝟒! 🌿 The steel industry plays a vital role in global economic growth, yet it faces challenges, particularly in terms of environmental impact. With climate change at the forefront of global concerns, the global steel community recognizes the urgency of transitioning towards a sustainable future. 📅 On 13-14 March 2024, the 2nd European Green Steel Summit will gather industry leaders, organizations, and experts to dive into discussions about creating a low-carbon, resource-efficient, and economically sustainable steel industry. 🎤 We're thrilled that Alexander Fleischanderl, Senior Vice President and Head of Green Steel at Primetals Technologies, will be presenting on the topic "Cross-industry Collaboration to Accelerate the Transition to Green Steel and Address Common Sustainability Goals" on 13 March at 15:50 (CET). 👉🏻 For more details visit: https://brnw.ch/21wHzSz #greensteal #sustainablesteel #sustainability #steelindustry #steelmaking

📣This recent comprehensive study from Global Efficiency Intelligence and Solutions for Our Climate (기후솔루션) on the green steel economy, highlights promising prospects for the global steel industry! A few key conclusions from the authors of the study: 👉 The analysis compares the production costs of green steel H2-DRI-EAF with traditional methods in 7 major countries. 👉The result strengthens the need for green steel highlighting that the final price increase tends to be negligible for cars and buildings for example. 👉The competitiveness of green steel is significantly improved with the reduction in the cost of hydrogen and the introduction of a carbon price. Thus, the importance of clear carbon pricing mechanisms. 👉Strategies are proposed for governments, steelmakers, and user industries to accelerate the adoption of this clean technology. 👉Public procurement policies can be very effective to boost market demand and mitigate financial risks. 💚This independent study reinforces the message that a realistic transition to a decarbonized steel industry is essential to achieving our climate goals!   #GreenIndustry #Decarbonization #GravitHy