13,689.00 TRY BIST 100 BIST 100
6.57 CNY CNY CNY
52.17 EUR EUR EUR
44.60 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
40.16 TRY Interest Interest
96.80 USD Fossil Oil Fossil Oil
5.80 USD Copper Copper
108.90 USD Silver Silver
103.00 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,755.67 TRY Gold (gr) Gold (gr)
104.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

"Renewable energy will increase by 90% by 2050"

In Germany at the 2nd European Green Steel Summit, Guanjun Chen, Chief Researcher of SHOUGANG Technologies Research Institute, shared his views on the transformation contribution of green energy in the steel industry.

"Renewable energy will increase by 90% by 2050"

Starting his speech by stating that green energy developments are taking place under dual carbon technologies, Guanjun Chen emphasized the combination activities of green energy and steel. Referring to how green energy offers useful actions for Shougang's green transformation, Chen first examined the main reasons behind these transformations under three main headings; global warming, energy crisis and China's 30.60 double carbon.

Dividing the necessity of green energy into three headings in the same way, Chen defined green energy as zero carbon emission, sustainability and environmentally friendly, low-carbon green transformation. He analyzed 'green activities' worldwide. Elaborating on green energy and green transformation targets globally, Chen first mentioned China, Switzerland, the UK, India and Indonesia, emphasizing that renewable energy will increase by 90% by 2050.

In crude steel production, he also pointed out that when steel consumption is 13%, carbon emissions reach 15%. Finally, he underlined that renewable green energy in the global context is generated from wind power and that India is ready to benefit from this wind energy.

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

Partnership agreement signed between Algerian Qatari Steel and Djendjen Port

Tuesday, April 7, 2026

Nakayama Steel and Nippon Steel establish joint venture for electric furnace

Wednesday, April 8, 2026

Turkish Steel Exporters Association holds steel quota talks with Serbia in Belgrade

Wednesday, April 8, 2026

Global recycling industry warns against “Stepped Scale” methodology

Wednesday, April 8, 2026

Steel tariffs risk supply shortages, SAISC warns

Sunday, April 12, 2026
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