The report examined 1,293 ferrous metallurgy enterprises in 91 countries and found that progress in low-carbon steel production remains limited. Coal-based steel production still accounts for about 88 percent of the sector's emissions, while the steel industry accounts for about 11 percent of global carbon dioxide emissions. According to the report, for the industry to meet the goals of the Paris Agreement, a faster transition from coal-based steel production and increased investment in low-carbon technologies will be required.
Investments in the coal industry continue to dominate
Although lower-emission steel production capacity has increased slightly over the past year, the report notes that progress in non-fossil fuel iron production remains slow. As of 2025, China accounts for more than half of the world's crude steel production, which is about 2 billion tons per year. While the United States and Turkey are among the leading steel producers using scrap-based electric arc furnace (EDP) technology, most major steel producing countries continue to rely heavily on coal-based iron ore recovery routes. The report also indicates that India is the largest source of new investments in coal-based steel production worldwide.
Turkish
