8,872.85 TRY BIST 100 BIST 100
4.83 CNY CNY CNY
34.25 USD USD USD
37.07 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.48 TRY Interest Interest
74.73 USD Fossil Oil Fossil Oil
33.50 USD Silver Silver
4.34 USD Copper Copper
98.40 USD Iron Ore Iron Ore
383.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,009.93 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

Türkiye's steel exports to Turkmenistan decreased by 16.7% in January-September

Friday, October 25, 2024

Thyssenkrupp and Volkswagen sign co-operation agreement for the supply of carbon-reduced steel

Thursday, October 24, 2024

South Korea's crude steel production increased by 1.3% in September

Wednesday, October 23, 2024

South Korea imposes preliminary AD duty on steel products imported from Vietnam

Wednesday, October 23, 2024

Malaysia aims to strengthen steel sector through collaboration with China

Friday, October 25, 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