Steel is the world’s most important engineering and construction material. Used in buildings, cars, ships, trains and tools, it appears in every area of modern life. Unsurprisingly, the world has developed a considerable appetite for it. Over the past 50 years, annual demand has tripled and is expected to reach a total of 1,840 million tonnes in 2022.
Given the nature of steel processes, the vast range of steel products and their uses, and the complexity and fragmentation of the steel value chain, there is no simple or single solution to decarbonise the industry. This report is the result of comprehensive interviews with experts from a wide variety of organisations involved in Steve Hill Executive Vice President, Energy Marketing, Shell the entire steel value chain. Its purpose is to set out the major barriers to decarbonising steel and identify how to move forward with solutions. I would like to thank them all for their participation, enthusiasm and willingness in sharing their expertise and their views on how change can best be delivered.
Value chain marker from Shell: Join Hydrogen for Steel
