How Are steel factories shifting toward sustainable practices?

Whenever we hear the word steel factory, the first image that comes to our minds is of a still mill where liquefied iron is boiling in the furnace. Since steel making is a process that requires a lot of energy, it becomes difficult for us to associate it with sustainable practices. But some steel factories are making an extra effort to adopt sustainable practices in the steel-making process and contribute to the environment. There are technological efforts coming up to deal with steel decarbonization as steel is one of the most sustainable materials and there is no doubt steel decarbonization is a challenge.

In this article, we will talk about some of the ways steel factories can promote sustainable transition and practices.

Adopt clean technology.

Steel factory is adopting and assessing clean technology to create long-term value. Some of the clean technologies are carbon capture innovation and product mix, using hydrogen with direct reduced iron (DRI) and EAF, and alternative smelting production processes. Although the latest technology is coming to the steel industry and doing a comparison of emerging and new technologies also promotes reduction methods for greener steel.

Improving ESG performance

ESG is defined as environmental, social, and governance criteria that are used to screen investments and encourage companies to fulfil their responsibilities towards the environment.

For steel-making companies, improving the ESG Matrix will be really helpful in the long run because we can help them secure project financing at a lower cost. It will also help in enhancing the usage of the resources and increasing resiliency against any future changes.

Adopting technology

Although steel companies are already adopting the latest technology and the changes coming in, but many are far away from it.

With the help of latest technology, you can improve the productivity of steel companies so that they can optimise their energy consumption and control the waste emissions from it.

Collaborating with stakeholders

Collaborating with stakeholders will accelerate the transition and promote the steel factories' sustainability initiative. If the steel makers keep stakeholders in mind and are ready to prepare for a balanced trade between industries and consumers then they can easily meet the need of both of them.

Paving path to green steel

Though we agree that the transition of steel factories towards greener steel will not be uniform across different countries and regions. But steel factories in the western areas are already investing a lot in improving the sustainability of the steel and adopting low carbon technology so that they can also promote and move towards a green steel industry.

Even in less developed countries, steel producers can easily invest in their processes to improve steel production while also reducing energy consumption, lowering carbon emissions, and promoting a circular economy.

So these are some of the ways that can help you improve the sustainability of steel.

MetalBerg Manufacturing Nigeria: Contributing to Nigeria's steel industry with sustainable practices

Kassem Ajami, the Founder and Managing Director of MetalBerg Manufacturing Nigeria Limited and Saba Steel Nigeria Limited, the two humongous steel factory, is following all the strategies mentioned above to promote green steel and manufacture sustainably.

Azmi is fully aware of the fact that steel manufacturing companies create a wealth of opportunities for the masses to work. Still, it is also one of those industries for the masses to work but it is still one of thpse ooalso generates a lot of waste, in turn harming the environment. But if we adopt these measures, then it will not only reduce the environmental impact of the steel-making process but also efficiently achieve the business goal while taking care of the environment.

Hence, he is consituinously working towards the goal. If you would like to check more about the steel making process and want to buy products then visit the website now!