20
Jul
13:08
Decarbonisation too slow, stranded asset risk growing: GEM
The transition away from coal-based steelmaking is moving far too slowly, says US-based non-governmental organisation Global Energy Monitor (GEM).
As of March 2023, 43% of planned capacity uses largely gas and electricity-based electric arc furnaces, while 57% of planned capacity uses the coal-based blast-basic oxygen furnace route.
However, the International Energy Agency (IEA)’s Net Zero by 2050 scenario indicates that 53% of overall steelmaking capacity …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous