Environment and Energy

January 7, 2022
CRU: What’s the Price of Decarbonizing Blast Furnaces?
Written by CRU Americas
By CRU Senior Analyst Atul Kulkarni, from CRU’s Global Steel Trade Service, Jan. 31
The global steel industry is going to witness a transformation in terms of technology and operating practice due to decarbonization pressure. However, this transition will not come without substantial costs, as all CO2 abatement pathways are forecast to be more expensive than the current prevailing technologies in use. In this Insight, CRU assesses what level of carbon price will lead to investments in CO2 reduction technologies for blast furnaces (BF), which are a large source of emissions in the steel value chain.


