Navigating the Low Carbon Era: Steel Industry Challenges and Opportunities in developing countries

Steel Decarbonization Panel at Trade + Sustainability Hub

We ran a session “Navigating the Low Carbon Era: Steel Industry Challenges and Opportunities in Developing Countries” at Trade + Sustainability Hub in Abu Dhabi alongside the World Trade Organization's 13th Ministerial Conference.

Istanbul Mineral and Metals Exporters' Association Secretary-General S. Armagan Vurdu moderated the session. Ugur Dalbeler (Deputy Chairman of the Turkish Steel Exporters' Association) and Veysel Yayan (Secretary-General of the Turkish Steel Producers Association) evaluated uncertainties and opportunities that steel companies in developing countries face in transitioning to low carbon economy.

They discussed best practices in the steel sector, challenges in financing the low-carbon transition, the ways to improve circularity in the industry, “common but differentiated responsibilities” of developing countries, potential implications of EU's Carbon Border Adjustment Mechanism and other carbon pricing tools, technology transformation, and subsidies. 

Check out recording of the panel which took place on February 27, 2024 at Trade Hub 2024:

https://www.youtube.com/watch?v=ugk8ooXRuzE