Report: Path to CO2-Emissions-Free Steel Production Won't be Easy

SUGAR LAND--October 13, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Global demand for steel is projected to increase by more than a third through 2050, and meeting that demand while reducing greenhouse gas emissions "poses immense challenges," according to a new International Energy Agency (IEA) report. The global steelmaking sector is responsible for 8% of global final energy demand and 7% of total energy sector carbon dioxide (CO2) emissions, says the "Iron and Steel Technology Roadmap." Within this article: ArcelorMittal's (NYSE:MT) planned carbon-capture system addition at the 5 million-ton-per-year Burns Harbor Steel Works in Indiana Other companies featured: Cleveland-Cliffs Incorporated (NYSE:CLF)