McKinsey & Company - Decarbonization challenge for Steel, 03062020

Steel players across the globe, and especially in Europe, are increasingly facing a decarbonization challenge. Recent studies estimate that the global steel industry may find approximately 14% of steel companies’ potential value is at risk if they are unable to decrease their environmental impact. There are options to achieve the reductions required:- BF / BOF efficiency programmes; Biomass reductants; CCUS; Scrap-based EAFs; Optimize DRI and EAF; and DRI and EAF using Hydrogen