News & Article

Forging Ahead: Expert Perspectives on the Steel Landscape

How new remote work models help to improve steel plant performance
Remote working

How new remote work models help to improve steel plant performance

The pandemic accelerated trends that have been occurring already before it started, such as cashless payments, online shopping and remote work. Digital technology is an enabler of these trends. Remote work implies that office staff can attend online meetings just as easily from home as from their workplace and meanwhile keep safe.

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Decarbonisation

Green hydrogen-based steel production: hype and reality

Wind, solar and nuclear capacity will need to grow by the factor of 6 to enable green hydrogen production at a level that is sufficient for a decarbonization of CO2-intense industrial processes
Investments required to make European steel production carbon-neutral may reach up to EUR 100 bn1 (for Europe alone)
Steel produced by green hydrogen may reach cost-competitiveness after 2030, depending on various factors including CO2 price regulation

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