Understanding the demand for Green Steel, page-337

Real Green Steel Progress - CleanTechnica


They predict the rapid electrification of the global steel industry mid next decade — see the chart above. The industry will be inconvenient to decarbonise, but not impossible thanks to green hydrogen.

There are two main primary production methods for steel: “the BF/BOF (blast furnace/basic oxygen furnace pathway) and the DRI/EAF (direct reduction of iron/electric arc furnace) pathway.” The BF/BOF pathway “represents 69% of global output and it requires iron ore as a raw material which is reduced in a blast furnace at 1,000 degrees Celsius with the help of coking coal in the absence of air. The oxygen removed is reacting with the carbon and producing CO2 emissions. Liquid iron is the main product of a blast furnace which is then moved to a basic oxygen furnace where oxygen is blown through the liquid in order to lower its carbon content and finally produce liquid crude steel. Chromium and nickel are among many elements and compounds that can be added to crude steel — forming stainless steel in this case — to produce one of the 2,500 different grades of steel in use today.

As Europe’s carbon border tax is introduced in 2026, will steel users have to pay a premium for green steel? This may be worth it to avoid the tax and be able to say to discerning consumers that their products are sustainably produced.”

Ohhhh this one is a goodie... and guess what? we have products to cater for BOTH of the production methods mentioned above + the Green Steel Premium: Myth or Reality? - Rethink (rethinkresearch.biz). Only way is up for us now guys. We are ticking so many boxes its not funny.