But recent trends suggest that more-sustainable electric arc furnaces (EAF) are starting to replace basic oxygen furnaces, helping slash emissions. In 2023, nearly all newly announced steelmaking capacity — 93 percent — planned to use EAFs, per the Global Energy Monitor report. As it stands, about 32 percent of global steelmaking happens in these lower-emissions … Continue reading “Chart: Steelmaking is starting to go electric”
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A shift toward greener steel production is starting to happen globally, giving experts a glimmer of hope that one of the world’s dirtiest industries might eventually decarbonize. A new report by Global Energy Monitor (GEM) found that low-carbon technologies account for a rising percentage of the iron- and steelmaking capacity now under development around the world. Although … Continue reading “Cleaner steelmaking is actually starting to happen”