Can the steel industry go green? | FT Climate Capital 

While it's great that some companies are making efforts, I think there are still significant challenges in transitioning the entire steel market to be green. The massive scale of steel production makes it difficult to implement these changes across the industry as a whole.

How are they powering the electric furnace?

20-30% price increase is crazy. Its hard to imagine many companies buying that volunteraly and there are plenty of countries even within EU whose governments would have very hard time convincing the public that the added cost to the infrastructure is worth it.

So is "biocoal" just a fancy way of saying charcoal? I love how they make milenia old methods/technologies sound new, hip and green.

When Alex Steel visited the plant, you really got to see the camaraderie and family that was created by this plant. Ideally, instead of them being replaced by new workers specializing in the new technology, it would be nice if the old workers were able to be retrained and re-purposed to do the new jobs. Not all the jobs are going to be super technical and specialized, and a lot of the seemingly technical and specialized jobs could be fulfilled by on the job training, or perhaps have an accelerated training regiment for that job. There are limits to this obviously, and there is a really high carbon cost to this steel family, but I feel like there’s a lot of low hanging fruit that could be done for the steel workers if you take them into consideration.

The labour politicians speak of strengthening defence but how are we going to make artillery and tanks without making steel.

Iron industry use lime stone, it makes slug to remove impurities. But it makes CO2 too. How to avoid that?

The problem is globalisation. It needs to be a whole marekt solution, not only Europe. More and more we are putting on emission tax on local market, we are more further from world price of steel materials. So more and more products, services are more and more expensive inside Europe. More and more decarbonisation is leading more and more job loss to Europe. We need to set standarts and stick to them, in pararel help from goverment the producers to get to high standard. Now more and more one thing maters in world - if it cheap - it is great, quality is coming only afterwards

Thank you. Cool you mention Boston Metal (7:10) as this is a completely new approach. It would be interesting to learn more on their disruption potential. No idea if Mr. Allanore is still around but he had a rather interesting background and understood the industry (and problem).

Its been well over 100 years since steel was made using piles of wood and coal

Great

Recycling is great, but the Global demand for steel far exceeds the recycling capacity. Steel production NEEDS coking Coal, and so if you want affordable and decent quality steel, you HAVE to use coke. There is no other feasible, and more importantly, AFFORDABLE alternative. If UK /EU don't want to produce steel (or in view of the self-inflicted "Energy Crisis", CAN'T AFFORD to produce steel), then others will, and plant closure = jobs lost, but more critically, expertise lost. Once the expertise has gone, getting it back will be very challenging indeed.

of course! good old timber

Green steel is too expensive the price of steel will jump to 2100 dollars to a tonne and scrap steel will be sort after . A average life span of cars is 10 years unless there is a scrapage of scrapping cars after 7 years and any case we haven't got enough Electricity power stations and having 7 million electric cars where's the 49000MW going to come from this topic is half baked and turning wast wood into charcoal why not convert it into plywood instead of burning it .

By the way we have tried buying it?

green

Excellent Educational video

Using taxpayers money to fund private companies that are going to produce more expensive steel or more expensive energy sounds like total rip off of the already struggling taxpayers that are increasingly being burdened by increased taxation

Tata steel portalbot and the ith plants they have around the world was offered a great deal to reduce the steel works carbon footprint by up to 99% by my group if companies, with a zero up front cost to do so, and we would reduce their electricity bills lls by 50%, but portalbot managing directors never replied to any offers for the last 10 months? Why?, Because they knew in Jan 2023 that they would close the portalbot steel wy, as they had stated building another one in India.

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Negative