Most projections indicate that while global steel production is likely to grow to 2.2 billion tonnes (bnt) by 2050, the share of the BF-BOF route, which accounts for over 70% of global steel production currently, will drop to around 35% by 2050. This is in sync with the gradual decarbonisation of the global steel industry.
Growing prominence of smelter in steel technology mix to net-zero
Most projections indicate that while global steel production is likely to grow to 2.2 billion tonnes (bnt) by 2050 the share of the BF-BOF route which accounts for over 70% of global steel production currently will drop to around 35% by 2050. This is in sync with the gradual decarbonisation of the global steel industry.
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