Today’s Marketplace Morning Report, which airs on about 800 National Public Radio stations and reaches an estimated 14 million listeners a week, included a segment called “The steel sector is carbon-intensive. ‘Green steel’ could be a game changer.”
“We have an existing and proven way that’s fully commercialized and done on a large scale to make lower-carbon steel,” SMA President Philip K. Bell told Marketplace Morning Report. He was referring of course to electric arc furnace, or EAF, steelmaking, which uses electricity to turn ferrous scrap into new steel. Today, more than 70 percent of American steel is made that way, and that share is expected to grow.
The story included positive comments about the Global Steel Climate Council, an international coalition of steel producers and stakeholders committed to achieving a 1.5-degree scenario by the year 2050 and establishing a global steel standard that leads toward a cleaner future. The GSCC Steel Climate Standard is available online now for review and public comment.
You can listen to the Marketplace Morning Report story and read the transcript at https://www.marketplace.org/2023/05/22/the-steel-sector-is-carbon-intensive-green-steel-could-be-a-game-changer/
About the SMA
SMA is the largest steel industry trade association in the United States and is the primary trade association representing North American EAF steel producers. EAF steelmakers account for almost 70 percent of domestic steelmaking capacity using an innovative, 21st-century production process that is less energy-intensive and has lower carbon emissions than traditional steelmaking. For more information, check out our website at www.steelnet.org or our LinkedIn page.