SteelWatch
Accelerating the transformation to a decarbonised steel sector. Follow @steelwatchjp.bsky.social for posts in Japanese.
- At last year's Fastmarkets Middle East Iron & Steel Conference, Meranti Green Steel announced signing offtake term sheets covering the 2.5 Mtpa of planned capacity for transportable HBI from its future DR plant in Duqm, Oman, with an additional doubling of offtake envisaged for a possible 2nd phase.
- 🟢Making (or buying) green iron is a key part of the #GreenSteel future. Here's what 22 steelmakers are really doing to ramp up production with it… #SteelWatchTracker
- Yesterday, Urgewald released the MetCoal Exit List (MCEL) 2.0, a follow-up to last year’s edition. The update identifies 145 companies with 273 expansion projects planned in 20 different countries, which could potentially add up to 580 million tonnes of new #MetCoal. Read more 👇 #GreenSteel
- Mighty Earth’s new report, Driven by Dirty Steel, reveals which automakers in the USA market continue to rely on steel produced using coal-based blast furnaces, and the serious health risks to communities associated with it.
- Environmental Defence Canada, Environment Hamilton and SteelWatch are calling on ArcelorMittal Dofasco, the owner of Canada’s largest steel mill, to provide clarity and accountability after years of delays to its flagship decarbonisation project in Hamilton, Ontario.
- 🤔What caught our attention in this GMK article? Leading iron ore mining companies are now measuring and tackling Scope 3 emissions, the very emissions that make up the bulk of steelmakers’ carbon footprint.
- 👀Good to see growing scrutiny of corporate environmental and social performance with the latest @sdgbenchmarks.bsky.social’s analysis of the 2,000 most influential companies across the globe. Read more 👇 #GreenSteel #SteelDecarbonisation #ClimateAction
- It is good to see Stegra securing forward sales to thyssenkrupp Materials Processing Europe, with first steel deliveries from Boden, Sweden, expected to begin in 2027.
- ❓Which global indicators of steel decarbonisation improved (but with an asterisk) in 2025?👇 The SteelWatch review, ‘Steel decarbonisation in 2025: stagnant but far from static’, shows that the main piece of positive news is not, in itself, a sign of decarbonisation. 1/3
- ❓Which global indicators of steel decarbonisation remained flat in 2025?👇 The SteelWatch review, ‘Steel decarbonisation in 2025: stagnant but far from static’, shows that emissions intensity and global blast furnace operating capacity remained pretty much unchanged. 1/2
- In 2025, steel sovereignty was one of the defining political forces shaping the sector. Across major producing countries, governments approached steel less as a traded industrial commodity, and more as a strategic asset tied to national resilience, defence, and economic security. 1/3
- Nippon Steel’s USD 3.1 billion decision to reline Blast Furnace #14 at the Gary Works in Indiana, after acquiring U. S. Steel will extend the furnace’s operating life well into the 2040s. 1/3
- This year, demand for green steel as a driver of decarbonisation was a hot topic. As demand signals strengthened, so too did competition around what counts as “green steel.” 1/3
- 👀 The SteelWatch Review, ‘Steel decarbonisation in 2025: stagnant but far from static’, examines signals of change, with several relating to early deal-making for offtake of transportable green iron. 1/4
- The concept that ironmaking and steelmaking can be decoupled — to locate ironmaking where renewable energy is more abundant — is still radical and sensitive to many actors, but there are signs of increased traction in 2025. 1/3
- 🚀We’re #hiring! SteelWatch is looking for an Executive Assistant. If you’re detail-oriented, proactive & thrive in a fast-paced environment, we want to hear from you! 📩Find out more & apply: bit.ly/4iSbOS8 🗓️Applications accepted on a rolling basis. Don’t miss your chance! #Jobs
- The EU continues to hold one of the most advanced policy frameworks for industrial decarbonisation, with steel at its heart. This year saw both progress and pushback, exposing the importance and fragility of the EU’s decarbonisation architecture.
- 👀The SteelWatch Review, ‘Steel decarbonisation in 2025: stagnant but far from static’, examines signals of a tilt towards low-emissions steel in China👇 Read the full review to find out more about these & other #SignalsOfChange that can turn into trends: bit.ly/497PSyZ #GreenSteel
- Great to see the FT's @aniketnarawad.bsky.social using our new Steelmaker Transformation Tracker to show that major public spending and robust climate policies have not translated to genuinely low-carbon iron and steel production 👇 ($) #SteelWatchTracker
