UK steel industry sets out vision for Net Zero transition – securing green jobs and investment

To create a Net-Zero steel sector in the UK and meet Government targets, a new report from UK Steel calls for a renewed focus on establishing a positive policy environment for steelmaking. Government has targeted a 95% emission reduction from steelmaking by 2050, while the Climate Change Committee has recommended that emissions from ore-based steelmaking be near zero by 2035. New Net Zero steel production will increase electricity use, but industrial electricity prices are a key barrier, as UK steelmakers currently pay almost 60% more than their European counterparts. UK…

Read More