Pollution
Research shows that the global steel industry is lagging behind in green transition, as coal-powered production increases.
New research shows that 303 million tons of high-emitting capacity of blast furnaces are under development. This is especially true in India and China which are major steel producers. It suggests this will still be the majority of production by 2030. Global Energy Monitor, a U.S. think tank, said that steel production accounts for 11% of the total greenhouse gas emissions responsible for climate change. By 2030, global steel demand is expected to reach 2 billion tons. GEM stated that while cleaner electric arc technology is projected to increase by 24%, blast furnace production is predicted to grow 7%, and...