Transforming Steel

Transformation of the steel industry | critical factors
  • Direct iron reduction with green hydrogen
  • Carbon capture and storage (CCS)
  • Additional gains will come from direct iron reduction with natural gas (with CCS on remaining emissions), and increased scrap use

Global burden of steel production

Industry-endorsed strategy

In 2022, we developed a Steel Sector Transition Strategy in collaboration with a diverse set of industry leaders. This provides a shared vision for a clean steel future, modelling of pathways, real economy milestones and the industry, policy and finance actions required to get there. Assumptions have not been updated since publication, but the STS still represents a quantitative reference point.

Sector Transition Strategy documents

Report | Making net-zero steel possible

Industry-backed 1.5°C aligned transition strategy download

Executive summary download

Infographics summary download

Pathways to net zero interactive modelling
Model code github

Global Project Tracker | latest in-depth data

Further reading | Steel
  • Events

Steel’s Transformation Moment │ coming soon

││

13 August 2026 | Korean Chamber of Commerce and Industry

Mission Possible Partnership and the Korea Chamber of Commerce and Industry are hosting a dialogue on the core enabling conditions needed to commercialise low-carbon steel production in Korea.
  • Insights

Europe’s ETS windfall should fund clean industry market making

││
  • The European Commission is deliberating a revision of the European Trading System – the flagship instrument of climate policy
  • Lobby groups are pushing hard to extend the free credit allowances and push back the 2040 horizon. This is a crucial juncture
  • Europe’s resilience and competitiveness are at stake
  • Europe’s growing ETS revenue can be redirected to mechanism that create demand certainty and unlock clean industrial investment
  • Events

Reuters Events: Global Energy Forum 2026 | coming soon

│││

Reuters Events: Global Energy Forum 2026 brings together 600+ senior leaders from across energy, finance, technology and policy to address the decisions reshaping global energy markets.

More to Explore

  • Press Release

Mission Possible Partnership appoints Faustine Delasalle as CEO

November 1st [Washington, DC, London, Geneva, Houston, Los Angeles], the Mission Possible Partnership (MPP) announces the appointment of Faustine Delasalle to

  • Bright Spots

Envision Chifeng Green Hydrogen Net Zero Industrial Park | China

Green hydrogen and ammonia are essential for the transformation to clean industry, but are still viewed as premium products with

  • Insights

Europe’s ETS windfall should fund clean industry market making

The European Commission is deliberating the revision of the European Trading System – the flagship instrument of climate policy. Lobby

  • Newsletter

Signal | Issue 25 | September 2025

There is no singular path to a clean industry transformation; we know this well, having started out developing sector transition strategies for

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