“Bridge to nowhere:” Why BlueScope Steel is a decarbonisation laggard in Australia, as it leads in the US

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Reports and Analysis  |   Tim Buckley  |  Nov 17, 2022

“Bridge to nowhere:” Why BlueScope Steel is a decarbonisation laggard in Australia, as it leads in the US

While BlueScope, Australia’s largest steel producer, is making major strides in the US, in Australia, it has proposed to sink $800m to $1bn into a reline of currently decommissioned blast furnace #6 at Port Kembla Steelworks – outdated technology that is hugely carbon intensive, and entirely inconsistent with the science based target initiative (SBTi), given that steelmaking releasing more than 3 billion tonnes of carbon annually. This plan would entrench a legacy, high carbon emissions technology in the heart of Australian steelmaking for decades to come, just as we stand on the brink of an existential climate challenge coupled with momentum for positive change.

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