Understanding the demand for Green Steel, page-795

https://www.accr.org.au/downloads/ahead-of-the-game_steel-decarbonisation-survey-results.pdf




Key findings from the survey include:

• The majority of investors (81%) agree that ‘green steel’ cannot be produced with fossil fuels;
• 68% foresee a transition away from metallurgical coal in steelmaking, and 80% believe metallurgical coal’s risk profile will increase in the next decade;
• 59% agree that effective climate policies are crucial to accelerate the transition towards green steel production and are likely to positively impact their investment portfolio;
• 59% see importing green iron as a viable opportunity for steelmakers with limited access to renewable energy.

With the vast majority of investors surveyed predicting a transition away from the use of metallurgical coal in steelmaking, it’s clear that fossil-fuel free projects are viewed as a safe, long-term prospect for shareholders. Any company seeking to expand metallurgical coal assets or double down on coal-based ironmaking should be paying serious attention to this strong investor sentiment."