Steel Sector

IEEFA Research

IEEFA: China, Japan and South Korea stand to gain most from increased scrap steel recycling

IEEFA: China, Japan and South Korea stand to gain most from increased scrap steel recycling

Mature, cost-competitive recycling technology offers an immediate opportunity for emissions reductions

17 December (IEEFA Australia): Investors are increasingly pressuring global steel companies to set out credible decarbonisation plans and these demands will only intensify. A significant trend that will lower emissions will be the expansion of scrap steel recycling, says a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Steel recycling is […]

More News and Commentary

IEEFA: Is there scope for faster decarbonisation of Australian steel?
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IEEFA: Is there scope for faster decarbonisation of Australian steel?

Globally, more scrap steel recycling looks certain starting this decade

There is increasing investor pressure on steel manufacturers to reduce their carbon emissions in tandem with global commitments under the steel breakthrough agenda at COP26, a commitment to have near-zero steel technology established in every region by 2030, to which Australia is a signatory. Given suitable qualities and quantities of scrap, electric arc furnaces (EAFs) […]

IEEFA: Risks are rising for ‘new generation’ of Australian coking coal projects
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IEEFA: Risks are rising for ‘new generation’ of Australian coking coal projects

Reluctant finance, emerging technology and climate concerns add to uncertainty over exports

It has been reported that a “new generation” of Australian coking coal projects are on the table that could add more than 100 million tonnes of coal to the seaborne market. Unlike thermal coal, which fuels coal-fired power plants, coking (or metallurgical coal) is used in blast furnaces for steelmaking. Australia is the second largest […]

IEEFA: China, Japan and South Korea stand to gain most from increased scrap steel recycling
, and

IEEFA: China, Japan and South Korea stand to gain most from increased scrap steel recycling

Mature, cost-competitive recycling technology offers an immediate opportunity for emissions reductions

17 December (IEEFA Australia): Investors are increasingly pressuring global steel companies to set out credible decarbonisation plans and these demands will only intensify. A significant trend that will lower emissions will be the expansion of scrap steel recycling, says a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Steel recycling is […]

and

IEEFA: More than half of current global steel production may have already reached peak carbon emissions

Regulation and falling demand look to have capped steel's carbon emissions in China, the world's largest producer

The latest data from China’s National Bureau of Statistics shows that the country’s monthly crude steel production dropped to a nearly four-year low in October 2021 at 71.6 million tonnes. For the first ten months of 2021, China’s crude steel output is now down 0.7%, the first decline in year-to-date output for at least five […]