As more mills switch to less-polluting electric arc furnaces (EAF), carbon dioxide emissions from the world’s steel sector are expected to drop 30% by 2050 compared to last year, according to a study released on Tuesday by consultancy Wood Mackenzie.
The report highlighted that almost 48% of worldwide crude steel will be produced using EAF by 2050, up from 30% in 2021 and nearly on par with traditional blast furnace steelmaking.
