Tracking the emission reduction initiatives of the top-5 auto steel suppliers

Circular Economy

An overview of the long-term strategies, site-specific projects, and cross-industry partnerships being initiated by the auto steel supplier sector to decarbonize global steelmaking operations

Concerns over Scope 3 emission reporting regulatory requirements, government and investor pressures to decarbonize supply chains, and a progressive increase in fossil fuel steel prices owing to rising carbon prices have driven downstream consumer industries to increasingly switch toward the application of low-emission green steel for production operations. Driven by this demand, steel manufacturers have ramped up investments to decarbonize operations across global plants, while simultaneously setting up cross-industry partnerships to develop new emission-reduction technologies and share the cost of the green transition.

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