Can we find a market for green steel?

The race is on to find an alternative and greener way to make steel away from the fire and brimstone associated with traditional methods. Higher prices for green steel, however, will mean that new markets must be found. For the first time, European steelmakers consider the phase-out of blast furnace...

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Bibliographic Details
Published inSteel times international Vol. 43; no. 4; pp. 59 - 63
Main Authors Arens, Marlene, Vogl, Valentin
Format Journal Article Magazine Article
LanguageEnglish
Published Redhill Quartz Business Media Ltd 01.05.2019
Subjects
Annan naturresursteknik
Blast furnace gas
Blast furnace practice
Carbon dioxide
Carbon offsets
Carbon sequestration
Climate change
Coal
Consortia
Emitters
Engineering and Technology
Environmental Engineering
Feasibility studies
Furnaces
Gases
Greenhouse effect
Greenhouse gases
Hydrogen
Iron and steel industry
Iron and steel plants
Iron compounds
Metallurgy
Natural gas
Naturresursteknik
Other Environmental Engineering
Paris Agreement
Pricing
R&D
Research & development
Steel industry
Steel making
Steel production
Teknik
Sweden
Europe
Germany
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Summary:The race is on to find an alternative and greener way to make steel away from the fire and brimstone associated with traditional methods. Higher prices for green steel, however, will mean that new markets must be found. For the first time, European steelmakers consider the phase-out of blast furnaces for primary steelmaking. This marks a watershed for the steel industry and it would be a crucial step for European climate action. The Paris Agreement sets the pace for climate action. The steel industry is one of the largest industrial greenhouse gas emitters and accounts for about 5-7% of total anthropogenic carbon dioxide emissions. Converting an existing steel plant into one without carbon dioxide emissions is far from trivial. Europe is home to only a few dozen blast furnaces, but each is built to last for two decades or more and each is worth hundred millions of Euros.
ISSN:0143-7798