Our steel production will be made climate-neutral by 2050.
We have a clear goal, and we know how to achieve it. Our steel production is set to be climate-neutral by 2050. With our key technology of electric steel making and optimised processes, this is realistically feasible. It is not without reason that we have been one of the pioneers in the decarbonisation of the steel industry for over 25 years. As early as 1994, we at Georgsmarienhütte opted for steel production in an electric arc furnace – and thus for the steel of the future. Our pioneering electric steelmaking process produces five times less CO2 than the steel produced by traditional integrated steelworks with coke and blast furnaces. Electric steel accounts for 30% of production in Germany, but only 3% of steel industry emissions. On this basis, our steel production will be climate-neutral by 2050, and we will make a significant contribution to achieving the Paris Agreement climate protection goals of 2015.