Understanding the demand for Green Steel, page-45

Steel industry emissions to decline 30% by 2050 — report - MINING.COM

“The global share of electric arc furnace (EAF) in steelmaking is rising with policy shifts and increasing focus on scrap use. Basic oxygen furnace (BOF) output will decline 0.5% annually until 2050, whereas EAF output could increase 2.3% yearly in the same period. By 2050, EAF will account for 48% of the technology share used in steelmaking, up from 30% last year, making it almost on par with the traditional BOF method,” Wood Mackenzie research director Malan Wu said.“

Together with green hydrogen-based direct reduced iron (DRI), scrap use and adoption of carbon capture, utilisation and storage (CCUS), steel industry’s carbon emissions can decline 30% from current levels by mid-century.”

Oh yeah high grade steel for the win!