"As the world’s most prolific material, steel can make a huge contribution to the decarbonisation of the global economy. Steel is already the material of choice due to its lower carbon footprint and high recyclability.

"But we can and must go further as zero carbon-emissions steel has the potential to be the backbone of the buildings, infrastructure, industry and machinery, and transport systems that will enable governments, customers and investors to meet their net-zero commitments.

"ArcelorMittal has been working hard to be at the forefront of our sector in the net-zero transition, as we believe not only will this help decarbonise the global economy but will also generate opportunities in multiple aspects of our business."

Aditya Mittal, CEO, ArcelorMittal