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
  • Reports

Steel’s transformation 共建绿色钢铁供应链  | China report

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China is one of a number of countries across the East Asian region where the steel sector is facing a pivotal moment, this is the second in a series of reports where we examine the opportunities for countries to reinforce the foundations of their industrial strength.

Steel’s transformation | China report 2026 | English download

共建绿色钢铁供应链 | China report 2026 | Chinese download
  • Insights

Letter calling for increased ambition in Industrial Accelerator Act

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  • 15 businesses and organisations have written to the EU’s co-legislators
  • Signatories call for increased ambition to attract new investment
  • Europe has a pipeline of 100+ clean projects – estimated €85 billion in investment potential – needing market certainty to reach FID
  • IAA’s current requirements for aluminium, concrete and steel – sit below the capacity already in development
  • Insights

Mass balance: building trust in clean industry’s supply chains

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Our report: Principles and Guardrails for Credible Mass Balance Claims gives buyers, producers and standard setters a clear framework for designing and assessing credible mass balance claims.

More to Explore

  • Press Release

A new dawn for industry with over 1,000 clean projects in development worldwide, setting the stage for near-term acceleration

70 new projects: worth $140 billion of investment set to be shovel-ready in coming months

Strong growth in financed projects: 19 plants have secured funding so far this year with 12 based in China

New evidence: confirms clean chemicals and fuels markets are advancing

  • Newsletter

Signal | Issue 32 | May 2026

In this month’s edition of Signal we dive into why clean industry is fundamental for resilience, look at the momentum that is building across Asia-Pacific, and present a green steel Bright Spot.

  • Press Release

Build Clean Now: a global campaign to fast-track clean industry

Build Clean Now: a global campaign to accelerate, year-on-year, the financing and construction of clean industrial plants, building unstoppable momentum

  • Bright Spots

Holcim OLYMPUS | Greece

Holcim’s €400M OLYMPUS project in Greece is building a direct source-to-sink CCS value chain in the Mediterranean to capture 1 Mtpa of CO2 from an isolated cement plant.

Read the full case study on our Build Clean Now campaign website
Bright Spot | Holcim OLYMPUS

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