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

24 Jun 2026

Economic growth│energy transition│Event│USA

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

08 Jun 2026

accelerate decarbonisation│clean industry pipeline│Global Project Tracker│investment│value chain

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

08 Jun 2026

e-methanol│Europe│Industrial decarbonisation│value chain

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

Newsletter

01 Nov 2025

Signal | Issue 27 | COP30 – November 2025

As global leaders and changemakers gather in Belém, Brazil, for COP30, we’re creating spaces for meaningful discussions on accelerating the

Newsletter

28 Nov 2025

Signal | Issue 28 | November 2025

Nearly a decade after the Paris Agreement, the world has changed and the run-up to COP30 has taken on a

Press Release

24 Sep 2024

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

Press Release

08 Jun 2026

Clean industry financing doubles as countries move to strengthen supply chains

London, 8th June 2026 – Clean industry plants are securing finance at their fastest pace yet, as countries and companies