Net Zero Industry Tracker 2024 Steel

Steel industry net-zero tracker7 Long-term emissions reduction solutions include direct reduced iron in electric arc furnaces and increased scrap steel use; short-term solutions include the use of carbon capture. –The steel industry has seen a rise in emissions, driven by an increase in production share from China and India, where production is highly emission-intensive. –Progress is being made in electrifying secondary steel production, but more investment in renewable energy and cleaner technologies is essential for lowering emissions. 3%3%0.1% Increase in absolute CO2 emissions (2022-2023)Increase in emission intensity (2022-2023)Increase in demand (2022-2023) Net-Zero Industry Tracker: 2024 Edition 1