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Report: Process Route Decisions Loom for European Steelmakers
04/30/2020 - To meet the European Union’s 2050 carbon neutrality goal, the European steel industry will have to make some very big and very expensive technology investment decisions in the next five to 10 years, according to a new report from the German strategy consultant Roland Berger.
According to the report, steelmakers will need to invest EUR 100 billion to make the approximately 100 million metric tons of crude steel produced today in the integrated blast furnace route.
And they will need support from the EU government, the report said.
“It needs to ensure that imported steel and steel products are also carbon neutral, or taxed accordingly if they are not (via a carbon tax). In addition, the bloc must ensure its long-term rules and targets are set in stone to safeguard the huge amount of investment required to meet them.”
You can find the full report here.
