News » A Green Deal on Steel video series - episode 4
A Green Deal on Steel video series - episode 4
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This is the fourth episode in EUROFER's Green Deal on Steel series: Smart Carbon Usage.
On average, for every tonne of steel made, up to 2 tonnes of CO2 is generated. This means there is a huge potential to make use of this emissions source.
Smart Carbon Usage is a pathway to create value from what is, at the moment, an unused product. This can be achieved by either reintegrating carbon monoxide or dioxide back into the production process, as in the HISARNA, IGAR, PEM or STEPWISE projects.
Or it can be through the use of carbon monoxide or dioxide as a raw material for the creation of other products, such as chemicals. This approach is being used in such projects as Steelanol, Carbon2Chem, FReSMe, Everest and Carbon2Value.
These projects are happening all over Europe. Some are at advanced states of technical readiness – others require further research – but each could deliver significant emissions savings.
Brussels, 10 September 2024 – The Draghi Report thoroughly identifies the bottlenecks to both the EU industry's decarbonisation and competitiveness. The proposed recommendations for energy-intensive industries, including on energy, trade, carbon leakage, financing and lead markets, should be integrated into the upcoming Clean Industrial Deal and implemented with concrete measures as a matter of urgency. Alignment across different policies is crucial, and should be accompanied by sector-specific initiatives to enable the transition of each industry including steel, asks the European Steel Association.
Brussels, 05 September 2024 – The latest developments in the steel sector and across critical value chains are worrying signs of a steady deterioration, endangering the survival and the transition of steelmakers and their key manufacturing customers in Europe, such as automotive. A Clean Industrial Deal including swift and radical measures in EU industrial, energy and trade policies, is the last chance to ensure Europe’s prosperity and shield European industry from cheap imports driven by third countries’ unfair trade practices, overcapacity and lower climate ambition, urges the European Steel Association.
Brussels, 25 July 2024 – Major indicators in the European steel market show a steeper-than-expected downward trend, further impacting the outlook for this year and the next. Poor demand conditions, driven by ongoing factors such as high energy prices, persistent inflation, economic uncertainty and geopolitical tensions, are exacerbated by a manufacturing crisis affecting the largest steel-using sectors, including construction and automotive. According to EUROFER’s latest Economic and Steel Market Outlook, apparent steel consumption is further deteriorating. After a slump (-3.1%) in the first quarter of 2024, its rebound for the full year has been revised downwards (to +1.4% from +3.2%), as well as for 2025 (+4.1% from +5.6%). Similarly, output in steel-using sectors, after a decline in the first quarter (-1.9%), is projected to experience a deeper-than-expected recession (-1.6% from -1%). A recovery is anticipated only in 2025 (+2.3%). Steel imports continue to show historically high shares (27%).