Discover and read the best of Twitter Threads about #blastfurnaces
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#COP26 & #GlobalSteel: Steel sector must invest in 2020s into climate-neutral technologies to meet emission reductions target + to get on a 1.5°C pathway. We examined the opportunities + challenges for a green asset transition of the steel sector in various countries. Thread👇1/6 
Finding 1: Before 2030, 71% of existing coal-based blast furnaces (1090 Mt) need reinvestment. Together with new investment in emerging markets (170 Mt), it must flow to low-carbon technologies to save jobs and align the sector with 1.5°C pathway. 2/6
Finding 2: #GlobalSteelTransformation must start in 2020s: key low-carbon technologies can be deployed now. Green steelmaking capacity before 2030 ➡️ many projects in pipeline. Operators should switch to secondary steel production + DRI, coal-based may be a dead-end road. 3/6
