Green Iron Corridors: Transforming the Steel Supply Chains for a Sustainable Future

The document argues for a shift in steel production to reduce the sector's 11% contribution to global CO2 emissions, particularly as demand is projected to rise by 12% to 36% by 2050. It suggests 'green iron corridors'—where ironmaking occurs in areas with abundant iron ore and renewable energy, and steelmaking occurs in demand centers—to achieve cost and energy savings. The report estimates that restructuring half of primary steelmaking to use green iron could save over $25 billion annually for the top 10 importers, and fast-tracking corridors to the EU and Asia could abate approximately 30 million tons of CO2 annually by 2030.

• The steel sector is responsible for 11% of global CO2 equivalent emissions, with demand expected to grow between 12% and 36% by 2050, necessitating a rapid increase in renewable hydrogen-based ironmaking.
• Implementing green iron corridors by splitting production processes can lead to significant economic gains, potentially saving over $25 billion annually for the 10 highest priority importers, representing a saving of $80-125 per ton of steel.
• Accelerating the development of corridors between emerging and existing iron exporter regions and markets in Asia and the EU could result in an annual CO2 abatement of approximately 30 million tons by 2030.

APA

RMI (2024). Green Iron Corridors: Transforming the Steel Supply Chains for a Sustainable Future. https://rmi.org/resources/green-iron-corridors/

Chicago

RMI. Green Iron Corridors: Transforming the Steel Supply Chains for a Sustainable Future. 2024. https://rmi.org/resources/green-iron-corridors/.

Wikipedia

{{cite report |author=RMI |title=Green Iron Corridors: Transforming the Steel Supply Chains for a Sustainable Future |date=17 September 2024 |url=https://rmi.org/resources/green-iron-corridors/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2024green, author = {{RMI}}, title = {{Green Iron Corridors: Transforming the Steel Supply Chains for a Sustainable Future}}, institution = {RMI}, year = {2024}, month = sep, url = {https://rmi.org/resources/green-iron-corridors/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }