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

Reuters Events: Global Energy Forum 2026 | invitation

08 May 2026

Economic growth│energy transition│Event│USA

June 23rd-24th 2026New York City, USA Event websiteRegistration Peak power demand is projected to surge 26% by 2035, driven by…

Insights

Harnessing energy productivity for industrial competitiveness

07 May 2026

energy productivity│finance│insight│lead markets│milestones│strategy

As we navigate the complex path to a cleaner world, energy productivity, the economic value generated per unit of energy…

Events

Decarb Connect Europe 2026 | invitation

06 May 2026

Europe│Event│Industrial decarbonisation

June 2nd-3rd 2026Hamburg, Germany Event websiteRegistration The next wave of industrial advantage in Europe won’t just come from smart technology breakthroughs. It will come from…

More to Explore

Reports

01 Nov 2024

Global Project Tracker: mapping clean industry | report

The Global Project Tracker was launched in April 2024 to monitor the global decarbonisation progress of seven heavy industry and transport sectors,

Press Release

16 Apr 2024

New MPP global project tracker reveals heavy industry transition has started but needs to accelerate sevenfold to meet 2030 climate targets

April 17th 2024 [Washington, D.C.; London]: Mission Possible Partnership (MPP) launches its Global Project Tracker today, shedding new light on the

Press Release

05 Dec 2023

Advanced and developing economies partner to transform heavy industries accounting for a third of global emissions

Energy & Industry Day at COP28 sees the launch of a new wave of breakthrough country and industry partnerships to

Press Release

31 Mar 2023

New Executive Co-Chair, Jessica Uhl announced, with Faustine Delasalle appointed Executive Director

Jessica Uhl appointed MPP Executive Co-Chair and Faustine Delasalle appointed Executive Director of MPP Global Geneva, London, Washington DC – The