Tag: will drop to around 35% by 2050. This is in sync with the gradual decarbonisation of the global steel industry.

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.