WoodMac: Iron Ore, Steel Decarbonization to Cost $1.4 Trillion

September 20, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Decarbonizing the global iron ore and steel industry by 2050 will require US$1.4 trillion in capital investment--most of which would be needed to decarbonize the steelmaking process--according to Wood Mackenzie (Edinburgh, U.K.). Companies featured: ArcelorMittal (NYSE:MT), United States Steel Corporation (U.S. Steel) (NYSE:X), Cleveland-Cliffs Incorporated (NYSE:CLF)