Report: 15 Insights on the Global Steel Transformation
Agora's study in the global steel sector proposes a transformative shift towards sustainability, aiming for a net-zero iron and steel sector by the early 2040s. The key strategies involve material efficiency, advancements in hydrogen-based steelmaking, and green iron trade. Agora emphasizes international collaboration, urging governments to create regulatory frameworks for accelerated steel transformation. The study highlights the cost-effectiveness of transporting embodied hydrogen as green iron, offering economic benefits for both exporters and importers. In challenging traditional views on carbon capture and storage, Agora advocates for swift action to avoid carbon lock-in and stranded assets.
Author: Agora Industry, June 2023
