The Impact of the Carbon Price on the Steel Industry

Steel is one of the world’s most widely used materials. It also accounts for 7-8% of global emissions, and ‘greening’ its production process presents an enormous challenge. So how can manufacturers decarbonize this crucial product? On today’s episode, Dana talks with Dr Julia Attwood, BNEF’s Head of Sustainable Materials, and Yuchen Tang, a sustainable materials analyst from Bloomberg’s Beijing office. Together they discuss the tech that’s helping steel manufacturers reduce their emissions, how the EU Carbon Border Adjustment Mechanism is impacting steel manufacturing, and the role nuclear power could play in the sector.

Complimentary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app.

Links to research notes from this episode:

Decarbonizing Steel: Corporate Strategies - https://www.bnef.com/insights/31199

Decarbonizing Steel: Company Profiles - https://www.bnef.com/insights/31409

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