TPT November 2024

ARTICLE

Swiss Steel Group

The blast furnace route still has to follow this path and requires considerable investment for this transformation, which is only feasible with government support

Ensuring competitiveness is the order of the day. Short-term changes in grid charges can have a major impact. Consortia PPAs, for example, could provide a solution here. In any case, cooperation between governments, industry and research institutions is essential in order to overcome these and other obstacles and drive forward the decarbonisation of the steel industry. Overall, the electric arc furnace route represents a promising way to decarbonise steel production. At the moment, it is absolutely leading the way. By using innovative technologies and sustainable practices, steel manufacturers like the Swiss Steel Group will take a leading role in the fight against climate change. It is now up to the entire industry to follow this path consistently and shape a sustainable future for the steel industry.

for setting long-term, ambitious and science-based net zero targets. These are to be achieved by 2050: https://www. myclimate.org/de-de/informieren/faq/faq-detail/was-sind science-based-targets-sbt/ The Swiss Steel Group is one of the very few steel manufacturers in the world to have joined the Carbon Disclosure Project. The CDP project is a non-profit organisation founded in London in 2000. Its aim is for companies to provide each other with transparency about their emissions in order to be able to determine the most accurate values possible across the entire value chain: https://www.myclimate.org/de-de/informieren/faq/ faq-detail/was-sind-science-based-targets-sbt/ Electric arc furnace route So the electric arc furnace route has already come a long way. In fact, it is currently the only one where you can already reliably produce green steel for every application and buy green steel every day, but there is still a lot to do to achieve the other goals. In particular, the availability of affordable and sustainable electricity and the development of more efficient electric arc furnace technologies are crucial factors for its long-term success.

Swiss Steel Group www.swisssteel-group.com

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NOVEMBER 2024