Understanding the demand for Green Steel, page-701

Green Steel In Automotive Industry: Key Insights | Mirage News



"The automotive sector stands as a significant consumer of steel, with cars, buses, and trucks embodying the ubiquitous presence of this material in our daily lives. However, despite its centrality, the industry has been relatively slow in embracing decarbonization efforts. The transition from internal combustion engines to electric vehicles presents substantial challenges, yet the imperative to accelerate the pace of change is increasingly evident. In our recent webinar, we were heartened to host companies at the forefront of sustainable practices within the sector.

The Challenges and Opportunities in Recycling and EAF Steel Engagement from the audience underscored two pivotal topics: the role of recycling in meeting demand and the suitability of Electric Arc Furnace (EAF) steel in the automotive sector. As scrap availability increases globally and carbon pricing gains prominence, these issues will become increasingly critical. Notably, both Volvo and SKF highlighted their utilization of recycled steel, reflecting substantial progress in EAF steelmaking facilities."

Attendees were volvo, thysenkrupp (steel producer) and SKF group (manufactures steel car components like bearings, etc). Keep the conversations going I say!