The steel industry is a pillar of the global economy, playing a key role in construction, infrastructure, and heavy machinery manufacturing. However, environmental demands and global sustainability expectations are redefining its future. In this context, the “green steel” concept is gaining prominence, driven by private sector initiatives and international organizations such as the World Steel Association.
The demand for steel remains strong, driven by infrastructure growth in emerging economies, urbanization, and technological development.
Current State of the Steel Industry
According to the World Steel Association, global steel production reached more than 1.878 million tons in 2022, recovering after disruptions caused by the COVID-19 pandemic. China, India, and the European Union are the leading producers, accounting for more than half of global production.
Steel is also one of the most carbon-intensive industries. It’s estimated that steel production contributes approximately 7-9% of global CO2 emissions, placing it at the center of the sustainability and climate change debate. Increasingly strict environmental regulations and social pressure for responsible business practices are pushing the industry to evolve towards more sustainable practices, with “green steel” emerging as a solution.
The Role of the World Steel Association in the Future of Green Steel
The World Steel Association is a global organization representing over 160 steel producers (covering around 85% of global production), steel industry associations, and related companies. Its role is fundamental in coordinating global efforts to make the industry more efficient and sustainable.
The Association has made green steel a priority on its agenda. Through its sustainability program and Climate Action Plan, the organization is working to reduce carbon emissions by adopting cleaner technologies, using renewable energy, and optimizing steel recycling processes.
One of the World Steel Association’s main initiatives is to decarbonize steel production by promoting technologies such as direct iron reduction using green hydrogen and electrification of smelting processes in electric furnaces powered by renewable energy. These technologies represent a radical change in how steel is produced, making the transition to carbon-neutral production possible.
