Wood Mackenzie: Sweden's steel production could become green

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Sweden has shown it has potential to become a pioneer in green steel production, says Wood Mackenzie, a Verisk business.

Sweden’s steel industry produced 4.4 million tonnes (Mt) of crude steel (3.4 Mt of finished steel) in 2020, representing 3.2% of crude steel production (2.5% of total finished steel production) across EU-27 and the UK. Despite its modest share in the region’s steel production, Sweden has been making headlines by being a frontrunner in the global race to produce fossil fuel-free steel at a commercial scale. At least two initiatives by HYBRIT and H2 Green Steel, separately, have been launched with a target to manufacture 10 Mt of crude steel annually by 2030. Wood Mackenzie principal analyst ... More: Official Press Release Wood Mackenzie

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Wood Mackenzie, Sweden, steel production, green, hydrogen, wind power, wind farm, capacity, Europe, industry, MWh, renewable energy, offshore, onshore