9,224.84 TRY BIST 100 BIST 100
38.44 USD USD USD
5.32 CNY CNY CNY
43.71 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
63.56 USD Fossil Oil Fossil Oil
40.67 USD Silver Silver
4.76 USD Copper Copper
98.50 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,094.11 TRY Gold (gr) Gold (gr)

Britain needs 10 million tonnes of steel by 2030 for energy security

Approximately 3.5 million tons of steel will be needed for solar and nuclear power plants.

Britain needs 10 million tonnes of steel by 2030 for energy security

In the upcoming years, the UK will need more than 10 million tons of steel for new energy projects. This is stated in a new study by Tata Steel, the country's largest steelmaker.

According to Tata Steel, more than 5 million tons of steel will be needed to build thousands of offshore wind turbines by 2030, and about 3.5 million tons will be needed for planned solar and nuclear power plants in the upcoming years. About 1.5 million tonnes can be used to generate and distribute hydrogen, build infrastructure for large-scale carbon capture (CCS) projects, and unlock new oil and gas resources in the North Sea.

According to Henrik Adam, head of Tata Steel UK, recent events show how important it is to have a reliable energy source. To achieve this, the UK will need an energy revolution that will require millions of tons of steel for new energy projects.

But according to Henrik Adam, steelmakers in the UK need to invest in decarbonizing the industry if they want to become steel suppliers.

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

Egypt boosts sector with new mining law

Wednesday, April 30, 2025

Vallourec signs USD 130 million OCTG steel pipe supply contract in Kuwait

Wednesday, April 30, 2025

Josu Pina Bilbao “SSAB is a pioneer in fossil fuel-free steel”

Monday, April 28, 2025

US steel imports increase by 11.4% in March

Tuesday, April 29, 2025

Vardhman Special Steels to set up new greenfield steel plant in Punjab

Tuesday, April 29, 2025
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