10,336.50 TRY BIST 100 BIST 100
32.27 USD USD USD
4.49 CNY CNY CNY
34.67 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.56 TRY Interest Interest
82.67 USD Fossil Oil Fossil Oil
27.37 USD Silver Silver
4.56 USD Copper Copper
118.14 USD Iron Ore Iron Ore
384.00 USD Ship Dismantling Ship Dismantling
2,406.35 TRY Gold (gr) Gold (gr)

A roadmap for a low-carbon future in Türkiye's steel sector

The Turkish steel industry is opening the doors to a sustainability-oriented transformation. The PwC Türkiye report, prepared under the coordination of the Ministry of Industry and Technology, shows the sector's roadmap to reach its 2053 targets.

A roadmap for a low-carbon future in Türkiye's steel sector

According to this roadmap, significant changes are foreseen in the technologies used in steel production. According to the optimal scenario, the distribution of technologies used in steel production until 2053 is as follows:

  • Electric arc furnace (EAF): 62
  • Hydrogen-based (DRI) and DRI-Melt-BOF: 25%
  • Green hydrogen: 100%
  • Blast furnace and carbon dioxide capture, storage and utilization (BOF CCUS): %12

The steel industry is aiming to significantly reduce carbon emissions in order to achieve these targets. The optimal scenario envisages a 20.6% reduction in emissions by 2040 and a 99.7% reduction by 2053.

Technological transitions will lead to significant changes in the industry. Blast furnaces will not be closed, but the transformation process will continue. While the electric arc furnace route will remain important, the transition to Hydrogen Based DRI and hydrogen-based technologies will accelerate.

For achieving the projected targets, the steel industry is planning the integration of various technologies. In this context, while natural gas-based DRI is expected to have an important place, the transformation will accelerate with the combination of hydrogen and CCUS technologies in the coming years.

The 2053 targets call for green hydrogen technologies to reach 25% and CCUS technologies to reach 12%. Thus, a significant carbon reduction will be realized in the sector and environmental sustainability will be ensured.

Türkiye's steel industry is taking decisive steps towards a sustainable future. Investments and technological transformations will make significant contributions to the sector's achievement of its emission reduction targets.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Imports of semi-finished products increased by 10.5% in January-March period in Türkiye

Wednesday, May 8, 2024

Amidst rising sea freight costs, Gulf Cooperation Council's HRC imports experience surge

Wednesday, May 8, 2024

$150 million carbon capture initiative launched at U.S. Steel’s Indiana facility

Wednesday, May 8, 2024

Jindal Shadeed Iron and Steel (JSIS) is commissioning three new facilities

Wednesday, May 8, 2024

Kametstal has shipped 160 thousand tonnes of rolled products since the beginning of the year

Wednesday, May 8, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now