Steel Yourself - RMI

This briefing by RMI analyzes the tension between the steel industry's growth outlook and the demand reductions required to align with a 1.5°C climate outcome, highlighting the risks of delayed decarbonization and the opportunities for green hydrogen-based production.

• To align the steel industry with a 1.5°C climate goal, demand for steel must peak between 2035 and 2040 based on the analyzed energy transition pathways.
• Delaying emissions reductions until 2030 would necessitate a 50 percent decline in steel demand by 2050 to remain climate-aligned, creating a substantial risk for the supply chain, especially for primary ore-based production.
• Steelmakers can mitigate the risk of stagnating demand by investing in zero-carbon primary production, such as green hydrogen-based technologies, with particular opportunities in countries that produce iron ore and have abundant renewables, including Australia, Brazil, and South Africa.

APA

RMI (2022). Steel Yourself - RMI. https://rmi.org/resources/steel-yourself/

Chicago

RMI. Steel Yourself - RMI. 2022. https://rmi.org/resources/steel-yourself/.

Wikipedia

{{cite report |author=RMI |title=Steel Yourself - RMI |date=24 May 2022 |url=https://rmi.org/resources/steel-yourself/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2022steel, author = {{RMI}}, title = {{Steel Yourself - RMI}}, institution = {RMI}, year = {2022}, month = may, url = {https://rmi.org/resources/steel-yourself/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }