According to forecasts by Edwin Basson, CEO of the World Steel Manufacturers Association (worldsteel), global steel production will reach 2.2-2.4 billion tons by 2050, with India and Southeast Asia expected to be the main sources of further growth.).
According to Basson, the global steel industry is undergoing major transformations driven by several factors, including geopolitical shifts, demographic changes, technological developments, and climate change.
Against this background, global steel production is expected to reach 2.2-2.4 billion tons by 2050, with India and Southeast Asia becoming the main sources of further growth. According to worldsteel, in 2025, the total volume of crude steel production was almost 1.85 billion tons.
Meanwhile, global steel demand is expected to increase slightly, although the industry will still face significant decarbonization challenges.
Different regions will require different methods. обезуглероживания
Basson stated that several technological solutions are now available for decarbonization, although their investment costs and emission reduction potential vary significantly.
Accordingly, he stressed that there is no single approach suitable for all markets and that different regions must implement low-carbon transformation in accordance with their conditions.
The CEO of worldsteel also emphasized the fundamental role of the steel industry in supporting social development and called for closer cooperation across the global steel industry to address the challenges of industry transformation.
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