STEEL TECH

KEYNOTE - Sustainability / Steel sector ahead of the next industrial revolution

Jean Théo Ghenda - Director Technologies - EUROFER

Steel is essential for a climate-neutral economy. From renewables to electric vehicles, the clean-tech value chains are dependent on steel. The European steel industry can be the EU’s industrial front-runner in deep CO2 emission reduction cuts already in the next few years, with numerous industrial-scale projects ready to be implemented before 2030. However, these clean technologies require significant capital investment for which decisions have to be taken now, and access to abundant, affordable low-carbon energy. Total operational expenditure will also be high. To become viable, low-CO2 steel needs a level-playing field with global competitors and demand-side measures to boost its uptake in the market.

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