'Titanic pivot from coal to hydrogen': Are steelmakers prepared for the rapid net zero transformation ahead?

Cecilia Keating
clock • 6 min read
 Scrap metal being poured into an electric arc funace | Credit: iStock
Image:

Scrap metal being poured into an electric arc funace | Credit: iStock

BloombergNEF warns steelmakers to prepare for major green transformation, as cost of shifting from coal to hydrogen and scrap metal could be far cheaper than previously thought

The steel sector could be ready to shed its ‘hard to abate' moniker, with yet another fresh study strongly indicating the decarbonisation of the emissions-intensive industry may be not only possible, but...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Global Briefing: Finland closes its last major coal-fired power station

Global Briefing: Finland closes its last major coal-fired power station

Helsinki shutters its last utility scale coal power plant, Brazil appoints its COP30 champion, and Apple ramps up China renewables investment

BusinessGreen staff
clock 04 April 2025 • 10 min read
'Very misleading': Row erupts over zonal pricing cost claims

'Very misleading': Row erupts over zonal pricing cost claims

Rival camps in the debate over proposals for zonal electricity pricing are once again at loggerheads over whether reforms would deliver promised cost savings

James Murray
clock 04 April 2025 • 7 min read
'The major most committed to the energy transition': TotalEnergies strengthens methane targets

'The major most committed to the energy transition': TotalEnergies strengthens methane targets

Oil and gas giant beefs up target to deliver 60 per cent reduction in methane emissions from its facilities against 2020 levels by the end of this year

Michael Holder
clock 28 March 2025 • 2 min read