Steel contributes about 8% to global Co2 emission

Steel, the most commonly used metal in the world today, is in the spotlight as governments and industries strive to reduce carbon emissions. Around 75% of steel production is still largely made in coal-fired blast furnaces which release around 2 tonnes of carbon dioxide per tonne of steel. Collectively, steel industries contribute to around 8% of global emissions. Steel production requires significant energy to heat the furnaces above 1,000 °C, releasing large amounts of carbon dioxide into the atmosphere. To meet the world’s climate goals, the International Energy Agency (IEA) recommends a 50% reduction in steel emissions by 2050 and a continued decrease to meet the world’s climate goals.

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12 World’s Largest Iron ore reserves 2020

Brazil and Australia accounts for the major production of iron ore worldwide. As of 2020, Brazil had reserves of 34 billion metric tons of crude ore whereas Australia has about 50 bilion tons of crude ore.
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