SteelWatch ads

SteelWatch's new video breaks down how ArcelorMittal has dismantled its own climate strategy — and what this means for the pace of decarbonisation across its global operations. In April, ArcelorMittal released its Sustainability Report 2025. We looked closely at what it says — and exposed what it really means. 🎥 New video: What ArcelorMittal said vs. What ArcelorMittal means Three lines from the report, exposed: 🔊 What ArcelorMittal said: "Our ambition to achieve net zero by 2050 remains in place." 🔍 What it means: ArcelorMittal has abandoned climate commitment altogether. What was previously a commitment is now a mere aspiration, with no intermediate emissions reduction target and no serious investment plan. A previously committed 35% emissions intensity cut in Europe by 2030? Gone. A 25% intensity cut globally? Slashed to ‘up to 10%’. 🔊 What ArcelorMittal said: "With low-carbon ironmaking not yet cost-competitive, we are pursuing a phased approach starting with steelmaking." 🔍 What it means: This ‘phased approach’ means decarbonisation projects will only happen one at a time. A project often takes a decade from start to finish. And that is the pace of transition ArcelorMittal is setting. Despite previously announcing low-carbon ironmaking projects, they have now disappeared from investment plans. 🔊 What ArcelorMittal said: "Sustainability remains central to how we lead, how we invest, and how we create value for the future." 🔍 What it means: ArcelorMittal is ramping back up blast furnace capacity in Europe, while other steelmakers continue to invest in new technology to prepare for a green steel future. Its ‘value creation for the future’ is built on continued coal-based production, with blast furnaces operating well past 2050 and no commitment to phase them out. Three quotes. Three bleak realities. Watch the full video to see what ArcelorMittal’s Sustainability Report really means 👇 #GreenSteel #SteelDecarbonisation #ClimateAction

"There are plenty of reasons to remain excited and optimistic about the future." Those were Lakshmi Mittal's words to mark ArcelorMittal's 20th anniversary. But an optimistic future doesn't build itself. As ArcelorMittal marks its 20th anniversary, we're looking at the future ArcelorMittal is actually building. Not a decarbonised future for people and the planet. A dirty one, on borrowed time. Same furnaces. Same dirty, polluting fuel. Twenty years on. ArcelorMittal´s 20th anniversary is nothing to celebrate. So enjoy the celebrations, ArcelorMittal. We made you a little something to mark the occasion. 🎂 #GreenSteel #SteelDecarbonisations #ClimateAction

This year’s Future Steel Forum will be discussing decarbonisation strategies and green steel innovation as a core part of its programme. SteelWatch is now scoring leading steelmakers on their “transition readiness.” Rapidly phasing out coal and scaling up green iron consumption are key challenges steelmakers have ahead of them. Our Executive Director, Caroline Ashley, speaking on a panel about progress in the transition, will point out that even the companies leading our new corporate scorecard are not on track with their decarbonisation responsibilities. Targets for emissions cuts are welcome, but not enough. Tangible plans for structural change starting this decade are critical to getting on the path to near-zero-emissions production before it’s too late. See what actions steelmakers need to be taking: https://bit.ly/4efSYCD #Steel #Decarbonisation #ClimateTransition #ESG #IndustrialTransformation #FutureSteelForum26 #SteelInnovation #BolognaEvents Steel Times International

The future of steel is being discussed at this year's World Steel Association (worldsteel) Open Forum in Brussels, and the elephant in the room will be the yawning gap between climate goals and actual decarbonisation actions. This is both the largest challenge and opportunity for steelmakers globally, and those that act first will be tomorrow’s market leaders. Steel companies face two key, urgent challenges: rapidly phasing out coal and scaling up green iron consumption. Targets to do this are welcome, but not enough. Tangible plans for structural change starting this decade are critical to getting on the path to near-zero-emissions production before it’s too late. SteelWatch is now leading steelmakers on their “transition readiness”, and even those leading the pack are not on track with their decarbonisation responsibilities. See what actions steelmakers need to be taking here: https://bit.ly/434poL1 #SteelDecarbonisation #ClimateAction #ESG #IndustrialTransformation #WorldSteel

Steelmakers have two key, urgent challenges in front of them: phasing out coal and scaling up green iron consumption. Targets are a necessary first step, but the science shows that without structural change beginning this decade, near-zero-emissions production cannot be achieved within the timeframes the climate requires. At the third Green Steel Summit in Istanbul, SteelWatch Analyst Constantin Johnson will be presenting a systematic analysis of the gap between the status and what the transition requires. SteelWatch's new Corporate Scorecard assesses companies on their transition readiness — and even the highest-scoring steelmakers show material gaps relative to what the science indicates is required. See the full findings: https://bit.ly/3OUrxpd #Steel #Decarbonisation #ClimateAction #Sustainability #EnergyTransition #GreenSteelSummit #Istanbul

Steel’s transformational moment has arrived, but what do steelmakers need to do to drive structural change? SteelWatch’s new Corporate Scorecard looks at the transformation of 18 major steelmakers to near-zero-emissions production, and finds that almost all of them are failing to phase out coal, and to scale both green iron and renewable energy. This creates a “transition gap”, a structural challenge steelmakers need to address Many will be at the European Green Steel Summit to explore strategies and partnerships for the transition, but as the race to transition is well underway, a good place to start getting their shoes laced up would be looking at our recommendations: https://bit.ly/4mAzz2I