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

  • Newsletter

Signal | Issue 23 | July 2025

In this months’ Singal issue we dive into the latest insights from our Global Project Tracker in the new report ‘Clean industry: transformational trends’.

  • Events

Inaugural NYCW Green Markets Day 2024 | John Podesta

Mission Possible Partnership’s Green Market Makers report was launched at the inaugural NYCW Green Markets Day 2024. Comments made by John Podesta, Senior Advisor to the US President for International Climate Policy, during his keynote speech at the launch event, are shared here.

  • Newsletter

Signal | Issue 25 | September 2025

In this month’s edition of Signal, hear our highlights from CEM16 in Busan and discover the synergies between green hydrogen and ammonia

  • Reports

Levers of acceleration driving progress in the project pipeline | report

Exploring how different geographies and industries can accelerate investment decisions in the project pipeline, to bring the heavy-emitting industry and transport sectors on track and drive progress towards 2030 targets.

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