The average carbon emissions intensity of leading global steel producers, as per data collated by BigMint, is a tell-tale sign of the inherent structural difficulties involved in steel industry decarbonisation. Data reveal while steel companies in Japan, India and China – countries with a high share of BF-BOF steel production – typically have higher CO2 intensities, European and American steelmakers are far lower on the emissions scale. On the global steel industry decarbonisation scale neither are all countries – or companies – placed on an equal footing nor is the challenge to transition to low-carbon technologies equally difficult for all companies. Technology transition in the global steel industry can hardly happen during a fixed timescale or in one go for all the companies in the world.
