9,807.50 TRY BIST 100 BIST 100
36.37 USD USD USD
5.04 CNY CNY CNY
38.11 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.46 TRY Interest Interest
76.31 USD Fossil Oil Fossil Oil
33.10 USD Silver Silver
4.62 USD Copper Copper
106.70 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,437.60 TRY Gold (gr) Gold (gr)

Worldsteel publishes its Sustainability Report

Worldsteel published its 2024 Sustainability Report, which provides information on the sustainability performance of the steel industry.

Worldsteel publishes its Sustainability Report

The 2024 Sustainability Report published by Worldsteel evaluated the sustainability of steel between 2003 and 2023. The report, which is in line with global priorities such as the United Nations Sustainable Development Goals (SDGs) and the Paris Agreement, was researched under three main headings: environmental performance, social performance and economic performance.

Investigations were carried out in the field of environmental performance

As a result of the examinations conducted in the field of environmental performance, CO2 emission intensity, energy intensity, material efficiency and environmental management system were addressed. In 2021, 2022, and 2023, respectively; 1.91, 1.92, 1.92 tons of CO2, CO2 emission intensity on the basis of tons of crude steel castings, 21.04, 21.01, 21.27 energy intensity on the basis of GJ per ton of crude steel castings, 97.4%, 97.5%, 98.1% material efficiency, 95.6%, 97.1%, 94.8% environmental management system were determined.

In the CO2 emissions and energy intensity surveys based on the global percentage split between blast furnace-basic oxygen furnace (BF-BOF) and scrap-based electric arc furnace (EAF) steelmaking routes, the global average value for both intensities from 2021 also includes direct reduced iron (DRI)-based EAF steelmaking.

Before 2021, neither CO2 emissions nor energy intensity were recalculated to reflect this change.

In 2024, a total of 93 steel companies and associations contributed to data sharing. This contribution represents 956.1 million tons, equivalent to 51% of total crude steel production worldwide. 74 of the participants voluntarily reported on at least one of the eight sustainability indicators, while 36 organizations provided comprehensive data for all eight indicators.

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

Vietnam imposes 27.83% anti-dumping duty on China’s hot rolled steel coils

Sunday, February 23, 2025

Algerian long steel producers gain momentum in the global market

Thursday, February 20, 2025

South Korea increases tariffs amid currency fluctuations

Sunday, February 23, 2025

Australian Government announces $1bn fund for low-emission iron and steel production

Sunday, February 23, 2025

Tosyalı Holding bids for Liberty Steel plant in Luxembourg

Saturday, February 22, 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