Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Russia’s Severstal has renewed its medium-term goal to reduce carbon emissions by 10pc per mt of steel produced by December 2030 against December 2020 levels. Calculations will be made in accordance to the methodology by the World Steel Association (worldsteel).


The miner seeks to reduce carbon emissions by 3pc at the end of 2023 against 2020 levels. The reduction would cut carbon emissions from 2.063 units/mt of steel produced in 2020 to 2.001 units/mt of steel by December 2023 and 1.857 units/mt by 2030.


Technical re-equipment and introduction of modern technology will facilitate lower emissions, including construction of a boiler house, installation of gas turbine, system for recirculation of sinter gases, and replacement of coke for hydrocarbon fuel. The gas compressor-less turbine No 16 will allow the company to generate up to 95pc of electricity needs. 


Severstal’s chief executive officer, Alexander Shevelev, assures that company’s investment to reach environmental goals will allow it to be on of the steelmakers with the lowest carbon footprint. Environmental expenditures rose by 134.6pc in 2020, he added. 

Leave a Reply

Your email address will not be published.