Britain, U.S., India, China, EU aim to boost near-zero emission steel output - UK statement
Published by
ScrapPrices
Published on November 02,2021 09:00 AM Steel
Britain, the United States, India, China and the European Union will aim to raise production of near-zero emission steel in all parts of the world by 2030, the British government said on Tuesday.
Britain, U.S., India, China, EU aim to boost near-zero emission steel output - UK statement

(Reuters) -Britain, the United States, India, China and the European Union will aim to raise production of near-zero emission steel in all parts of the world by 2030, the British government said on Tuesday.

In a statement, Britain said more than 40 world leaders had agreed to a plan to deliver clean and affordable technology across the globe by 2030. As well as steel, the plan will focus on power, road transport, hydrogen and agriculture.

“Near-zero emission steel is the preferred choice in global markets, with efficient use and near-zero emission steel production established and growing in every region by 2030,” said the statement.

The deal was announced at the COP26 global climate conference in Glasgow, where leaders have pledged Leaders at global climate talks pledge to cut methane and save forests to stop deforestation by the end of the decade and slash emissions of the potent greenhouse gas methane to help slow climate change.

The steel industry is one of the biggest CO2 emitters in the world. China produces more than half of the world’s steel.

Signatories had agreed metrics to measure the goal and to set up initiatives for international collaboration to achieve it, the statement said, but did not give more details.

The United States and the EU on Sunday ended a dispute over steel and aluminum tariffs and said they would work on a global arrangement to combat “dirty” production and over-capacity in the industry.

U.S. President Joe Biden said this would help curb access “to our markets for dirty steel from countries like China”.

MORE STEEL NEWS
January 12,2026 06:00 AM
The largest volume of imports was hot-dip galvanized rolled steel – 142,030 tons (+5% month-on-month), products for the oil industry – 131,760 tons (+21.6% month-on-month), wire rod – 103.33 thousand tons (+105.4% m/m), hot-rolled coils – 102.49 thousand tons (+27.8% m/m). Finished products accounted for 77.2% of total imports for the month.
January 08,2026 12:00 PM
Türkiye’s steel industry, around 75% based on electric arc furnaces and with 70% of scrap requirement coming from imports, is increasingly seeking ways to substitute scrap use. This comes amid tightening global restrictions on scrap exports, the impact of CBAM, rising scrap usage worldwide, and persistently high scrap prices squeezing mills’ margins.
January 06,2026 06:00 AM
Safeguards proposed by the European Union to protect EU steel mills from the impact of imports would lead to crippling price hikes for European manufacturers, a lobby group representing European steel-using industries said on Tuesday.