Low-carbon steelmaking faces high initial costs, market risks: Worldsteel

摘要

Reducing carbon emissions from steelmaking will likely see high initial costs and steel trade risks as first-mover producers saddled with high conversion costs compete with incumbents, according to industry group World Steel Association Investments needed for making low-carbon steel with new plants and processes may lead to cost increases, which typical steel production margins would struggle to cover, Asa Ekdahl, head of environment and climate change at Brussels-based Worldsteel, said in a May 19 webinar.