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

Further reading | Steel

• China is home to 1 in 2 of the world’s clean industrial plants
• A record 36 FIDs in 12 months
• A step change for the new industrial sunbelt as capital hits six projects
• 1,027 projects in development, worth $4.8 trillion in investment potential
• Sustainable aviation fuel (SAF) accounts for one in three major investments

China and a growing group of renewables-rich emerging economies are attracting an increasing share of investment in clean industry, according to the latest findings from Mission Possible Partnership’s Global Project Tracker, supported by the Industrial Transition Accelerator (ITA). Clean industry, powered by renewable energy, is redrawing the world’s industrial map as projects move from the drawing board to construction.

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

More to Explore

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.

First Ammonia is building a 250 kt/y green ammonia project in Texas as a replicable model, securing early offtake and demonstrating competitive commercial viability.

Read the full case study on our Build Clean Now campaign website
First Ammonia

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

• China is home to 1 in 2 of the world’s clean industrial plants
• A record 36 FIDs in 12 months
• A step change for the new industrial sunbelt as capital hits six projects
• 1,027 projects in development, worth $4.8 trillion in investment potential
• Sustainable aviation fuel (SAF) accounts for one in three major investments

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