Webinar: Launch of the Iron and Steel Technology Roadmap
8 October 2020
Steel is deeply engrained in our society. The construction of homes, schools, hospitals, bridges, cars and trucks – to name just a few examples – rely heavily on steel. Steel will also be an integral ingredient for the energy transition, with solar panels, wind turbines, dams and electric vehicles all depending on it to varying degrees. Since 1970 global demand for steel has increased more than threefold and continues to rise as economies grow, urbanise, consume more goods and build up their infrastructure.
Among heavy industries, the iron and steel sector ranks first when it comes to CO2 emissions, and second when it comes energy consumption. The iron and steel sector directly accounts for 2.6 gigatonnes of carbon dioxide (Gt CO2) emissions annually, 7% of the global total from the energy system and more than the emissions from all road freight.1 The steel sector is currently the largest industrial consumer of coal, which provides around 75% of its energy demand. Coal is used to generate heat and to make coke, which is instrumental in the chemical reactions necessary to produce steel from iron ore.