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Photo : Kloeckner Metals Germany
Embracing the next-level CO 2 -reduced steel business
While the past year has seen a dynamic market development for sustainable steel products , it is time to take a closer look at customers ’ response to CO 2
-reduced solutions such as Kloeckner ’ s Nexigen ® umbrella brand , for example : What are the experiences with the industry ’ s requirements and what is needed to move ahead , embracing the next-level green steel business ?
By Felix Schmitz , CEO Kloeckner Metals Germany GmbH
The equivocal outcome of the climate summit in Dubai , with 123 countries participating , once again has shown how big the challenges are that policy makers , businesses and industry are facing in their uphill battle for a greener future . This also applies to the steel industry , which is currently accountable for almost 7 % of global CO 2 emissions . 1
But for a few years now , the steel industry has responded by introducing CO 2
-reduced steel and metal products , resulting in an increasing demand for green steel : According to a recent report by the Boston Consulting Group and Klöckner & Co SE , European demand for low-CO 2 steel , for example , is expected to grow so fast , that by the end of this decade already , there will be a shortage in domestic
1 https :// joint-research-centre . ec . europa . eu / jrc-news-and-updates / eu-climate-targets-how-decarbonise-steelindustry-2022-06-15 _ en #_ ftn1
18 Green Steel World | Issue 10 | February 2024