Insight
Steel energy transition outlook 2026
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Report summary
Green steel has, in many cases, taken a backseat in the current environment as global priorities shift towards energy security, cost competitiveness, and geopolitical stability. The pace of the energy transition has consequently slowed, with uncertainty around hydrogen availability, carbon policy alignment, and infrastructure readiness weighing on investment decisions in low-carbon steelmaking. Our energy transition insight addresses following areas: • Steel emissions pathway modelled across climate scenarios (including delayed energy transition) • Steelmaking technology forecasts • Role of hydrogen, scrap, and CCUS across regions and scenarios
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