Decarbonization should be done immediately to avoid stranding of assets and employment

Decarbonization should be done immediately to avoid stranding of assets and employment It is of “paramountimportance” the steel industry invests now in low-carbon steelmakingtechnologies that are compatible with climate neutrality, to avoid exposingassets and jobs to high risks in the 2030s and beyond. So says German think tankAgora Energiewende. Around 71% of the world’s coal-basedsteel…

Vale and Posco will study emission reduction technologies

Vale and Posco will study emission reduction technologies Vale has signed a memorandum ofunderstanding (MoU) with South Korean steelmaker Posco to jointly explore anddevelop CO2 emissions reduction technologies in steelmaking. Potential solutions for reducingfossil fuel consumption include Vale’s high-grade iron ore products such aspellet, fines and briquettes. “The steel and mining industry arealready under transformation…