Transforming Steel

Transformation of the steel industry | critical factors
  • Direct iron reduction with green hydrogen
  • Carbon capture and storage (CCS)
  • Additional gains will come from direct iron reduction with natural gas (with CCS on remaining emissions), and increased scrap use

Global burden of steel production

Industry-endorsed strategy

In 2022, we developed a Steel Sector Transition Strategy in collaboration with a diverse set of industry leaders. This provides a shared vision for a clean steel future, modelling of pathways, real economy milestones and the industry, policy and finance actions required to get there. Assumptions have not been updated since publication, but the STS still represents a quantitative reference point.

Sector Transition Strategy documents

Report | Making net-zero steel possible

Industry-backed 1.5°C aligned transition strategy download

Executive summary download

Infographics summary download

Pathways to net zero interactive modelling
Model code github

Global Project Tracker | latest in-depth data

Further reading | Steel
  • Events

Reuters Events: Global Energy Forum 2026 | invitation

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Reuters Events: Global Energy Forum 2026 brings together 600+ senior leaders from across energy, finance, technology and policy to address the decisions reshaping global energy markets.
  • Newsletter

Signal | Issue 33 | June 2026

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A rare bit of positive news in a turbulent year: clean industry investment is accelerating. Data from our newly-published Global Project Tracker update shows that 19 commercial-scale clean industrial projects reached final investment decision in the past six months – more than double the pace of a year ago.
  • Bright Spots

European Energy | Kassø

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Kassø, in southern Denmark, is now home to one of the world’s first operational e-methanol facilities, producing 42,000 tonnes per year from a 304 MW solar park, a 52 MW electrolyser and biogenic CO₂ captured from a local biogas facility. It reached FID in January 2022 without operating subsidies and started operations in 2025.

More to Explore

  • Press Release

New MPP global project tracker reveals heavy industry transition has started but needs to accelerate sevenfold to meet 2030 climate targets

April 17th 2024 [Washington, D.C.; London]: Mission Possible Partnership (MPP) launches its Global Project Tracker today, shedding new light on the

  • Press Release

Mission Possible Partnership appoints Faustine Delasalle as CEO

November 1st [Washington, DC, London, Geneva, Houston, Los Angeles], the Mission Possible Partnership (MPP) announces the appointment of Faustine Delasalle to

  • Press Release

Fast-tracking the Green Industrial Revolution: new toolbox for G20 governments

Fast-tracking the Green Industrial Revolution: new report reveals toolbox for G20 governments to unlock boom in low-carbon fertilisers, fuels, and

  • Bright Spots

LanzaJet | Freedom Pines Fuels USA

For the aviation sector, the transition to sustainable fuels is just getting started, but it is one of the areas

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