As the world’s largest steel producer, we have a responsibility to be at the forefront of a transition in steel that achieves the goals of the Paris Agreement.
Steelmaking accounts for some 7-9% of global carbon emissions today. The scale of the challenge we face has been clarified by the latest UN reports: the world needs to be carbon neutral by mid-century to limit the rise in global temperatures to 1.5C. And yet to make this transition, and to achieve the UN Sustainable Development Goals, our future world will need more steel, not less. For the steel industry, nothing short of a transformation is needed.