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Report: Steel industry risks stranded assets of 550 billion

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Published: July 20th, 2023,
Last updated: May 27th, 2025

The transformation of the steel industry toward more climate-friendly processes is progressing too slowly. That is the conclusion of a study published today by the Global Energy Monitor titled „2023: Pedal to the Metal.“ Global Energy Monitor is a San Francisco-based non-governmental organization that catalogs fossil fuel and renewable energy projects worldwide.

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Steel industry Decarbonization