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Challenges and opportunities going forward
May 04, 2018

Solve structural overcapacity (globally and by product/region)

Maximize "resource efficiency": make more products with less resources, maximize the end application value

– Further improvements in steelmaking processes (energy efficiency, labor productivity, technological breakthroughs)

– Steel abating its own CO2 and helping other sectors to abate CO2

– Key role in the "circular" economy: importance of steel recycling, preparing for a future with a large scrap reserve

– Technology innovation, reducing the needs for capital

– UHSS for more energy-efficient applications

Avoid commoditization: create value for users, adapt pricing to real (complexity) costs and capture application “value in use”

Vision of steel remaining the most important material on the globe – supported by sound economics, innovation, and "resource efficiency"

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