Steel companies 'yet to prove their mettle' in race for net zero...

Steel companies 'yet to prove their mettle' in race for net zero | Reuters



Key takeaways
Only FIVE steel companies committed to near-term science-based targets for emissions reduction
U.S. putting $1 billion investment into hydrogen-based steelmaking, with funding for zero emissions
EU’s carbon border adjustment mechanism increasing pressure to adopt cleaner steelmaking methods
Almost 50 near-zero steel projects have been announced
As industry pioneers are demonstrating, clean steel is possible. Now more policy makers need to use their procurement power and all the other levers at their disposal to make it a reality.