Steel sector starts decarbonization – China not fast enough

Reducing emissions in industrial sectors such as steel and cement production is considered one of the biggest challenges of climate policy. But there is hope: „Steel has moved from inertia to progress,“ a new Global Energy Monitor report says. Its conclusion: „The last year was pivotal for heavy industry decarbonization.“ Now, 43 percent of new planned steel capacity is based on lower-emission electric arc furnaces. Although 57 percent of planned steel mills still use coal-based blast furnaces, the figure was 67 percent in 2022.