1、From gray to greenFrom gray to greenHow to build a competitive green steel business.2From gray to green|How to build a competitive green steel business03Executive summaryContents|Executive summary|Rising|Reinventing|Transforming|Securing|Renewable|A unique opportunity05Rising demand for green steel0

2、9Reinventing how data,AI,IT and OT are designed and deployed11Transforming ways of working14Securing a robust,cost-effective supply of scrap metal and renewable energy17Renewable energy19Green steel presents a unique opportunityContentsContents23From gray to green|How to build a competitive green st

3、eel businessContents|Executive summary|Rising|Reinventing|Transforming|Securing|Renewable|A unique opportunity3The steel industry is shifting from gray to green.With clients in the energy,construction,automotive industries and beyond committing to net zero,demand for green steel is rising fast.Execu

4、tive summaryIn response,steel manufacturers are investing billions to replace their decades-old blast furnaces(also known as basic oxygen furnaces or“BOFs”)with direct reduction of iron(DRI)using hydrogen and electric arc furnaces(EAFs).EAF steel production is already soaring,and its expected to inc

5、rease by a further 80-100%by 2050.1 Regulations like the European Green Deal and the EUs Carbon Border Adjustment Mechanism(CBAM)could further accelerate this shift.But theres a catch.EAF projects are currently concentrated in Europe and North America.For companies in these markets to compete agains

6、t rivals in China and India,where BOF steelmaking remains prevalent,they need to start generating sufficient quantities of green steel at much lower costs.Thats easier said than done.EAFs do offer several operational advantages over BOFs,such as greater potential to plan and standardize maintenance.