Transforming Steel

Transformation of the steel industry | critical factors

Direct iron reduction with green hydrogen
Carbon capture and storage (CCS)
Additional gains will come from direct iron reduction with natural gas (with CCS on remaining emissions), and increased scrap use

Global burden of steel production

Industry-endorsed strategy

In 2022, we developed a Steel Sector Transition Strategy in collaboration with a diverse set of industry leaders. This provides a shared vision for a clean steel future, modelling of pathways, real economy milestones and the industry, policy and finance actions required to get there. Assumptions have not been updated since publication, but the STS still represents a quantitative reference point.

Sector Transition Strategy documents

Report | Making net-zero steel possible

Industry-backed 1.5°C aligned transition strategy download

Executive summary download 
Infographics summary download 
Pathways to net zero interactive modelling
Model code github

Global Project Tracker | latest in-depth data

Further reading | Steel

Events

Reuters Events: Global Energy Forum 2026 | invitation

08 May 2026

Economic growth│energy transition│Event│USA

June 23rd-24th 2026New York City, USA Event websiteRegistration Peak power demand is projected to surge 26% by 2035, driven by…

Event date

16 July, 2026
- 17 July, 2026

Insights

Harnessing energy productivity for industrial competitiveness

07 May 2026

energy productivity│finance│insight│lead markets│milestones│strategy

As we navigate the complex path to a cleaner world, energy productivity, the economic value generated per unit of energy…

Events

Decarb Connect Europe 2026 | invitation

06 May 2026

Europe│Event│Industrial decarbonisation

June 2nd-3rd 2026Hamburg, Germany Event websiteRegistration The next wave of industrial advantage in Europe won’t just come from smart technology breakthroughs. It will come from…

Event date

2 July, 2026

More to Explore

Bright Spots

05 Jan 2026

ATOME Villeta | Paraguay

ATOME is charting a new course for fertiliser production in Latin America. Its flagship Villeta Project in Paraguay will harness

Press Release

14 Nov 2024

Call to unlock demand for low-carbon products and accelerate industrial projects worth $1 trillion

14th November 2024 – Governments must urgently act to stimulate demand for low-and near zero-carbon materials, chemicals and fuels to accelerate

Bright Spots

07 Jan 2026

Envision Chifeng Green Hydrogen Net Zero Industrial Park | China

Green hydrogen and ammonia are essential for the transformation to clean industry, but are still viewed as premium products with

Press Release

15 Apr 2026

Heavy industry could grow global output while using up to 45% less energy by 2050

London, 15 April 2026. Improving energy productivity can meet rising needs for housing, mobility and goods while reducing reliance on expensive