9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.56 USD USD USD
36.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 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

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 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