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  철강 산업의 대전환  | Korea report

│││

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

Steel’s transformation | Korean report 2026 | English download

철강 산업의 대전환 | Korean report 2026 | Korean download
  • Events

Steel’s Transformation Moment │ 13 August 2026

││

Mission Possible Partnership and the Korea Chamber of Commerce and Industry are hosting a dialogue on the core enabling conditions needed to commercialise low-carbon steel production in Korea.
  • Insights

Europe’s ETS windfall should fund clean industry market making

││
  • The European Commission is deliberating a revision of the European Trading System – the flagship instrument of climate policy
  • Lobby groups are pushing hard to extend the free credit allowances and push back the 2040 horizon. This is a crucial juncture
  • Europe’s resilience and competitiveness are at stake
  • Europe’s growing ETS revenue can be redirected to mechanism that create demand certainty and unlock clean industrial investment

More to Explore

  • Press Release

Heavy industry could grow global output while using up to 45% less energy by 2050

  • 30-50% of costs for heavy industry come from energy consumption
  • 25-45% reduction in energy use is achievable through energy productivity measures
  • c.40-60% reduction in “green premiums” for aviation and shipping by combining energy productivity with decarbonisation
  • Newsletter

Signal | Issue 27 | COP30 – November 2025

Join MPP and the ITA in Belém

  • Press Release

Mission Possible Partnership appoints Dick Benschop as Chair of the Board

Organisation steps up efforts to structurally embed demand for low-carbon commodities and accelerate green industrial transition.
  • Reports

Steel’s transformation  철강 산업의 대전환  | Korea report

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

Steel’s transformation | Korean report 2026 | English download

철강 산업의 대전환 | Korean report 2026 | Korean download

Subscribe to our newsletter

Discover how we advance clean industry transformation globally, be first to know our latest news, projects, reports and events. 

Unsubscribe at any time.

"*" indicates required fields

Name*
Your area of activity

By submitting this form, you acknowledge that your details will be processed by Mission Possible Partnership in accordance with our Privacy Policy . You can unsubscribe from our communications at any time.

Latest

Search
NEWSLETTER SIGN UP
Linkedin X-twitter Icon-Bluesky-white Envelope

Download

Please enter your email to download our reports

Unsubscribe at any time.

"*" indicates required fields

Name*
Your area of activity

Download

Please enter your email to download our reports

Unsubscribe at any time.

"*" indicates required fields

Name*
Your area of activity

Download

Please enter your email to download our reports

Unsubscribe at any time.

"*" indicates required fields

Name*
Your area of activity

Download

Please enter your email to download our reports

Unsubscribe at any time.

"*" indicates required fields

Name*
Your area of activity

Download

Please enter your email to download our reports

Unsubscribe at any time.

"*" indicates required fields

Name*
Your area of activity

Latest

UNLOCKING PROJECTS

Solutions >