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ORGANIZER;CN=ESTAD 2023:mailto:info@metec-estad.com
LOCATION:Room 1
SUMMARY:Closing Europe’s green-material gap in steel raw material supply
DESCRIPTION:The European steel industry is facing a fundamental challenge that will disrupt core steel production processes across the continent. Across the world (but particularly in Europe), steel companies are facing increasing pressure—from regulators, customers, investors, and society at large—to decarbonize production. 
Recycling scrap will be contraint to meet steel demand in terms of either quantity or quality; for this reason, most steel companies are also looking to use direct reduced iron (DRI). Steel producers need to decide on the two two DRI procurement options to assess the transformation: they neeed to develop prioritoes to use either hot DRI (HDRI), or they buying hot briquetted DRI (HBI) from overseas. The crucial determinant of the relative cost competitiveness of these two sourcing options will be the medium-term cost and price of green hydrogen, which depend on the cost and availability of renewable-energy sources. 
Each steel producer will need to consider their own strategy, as well as broader industry and geopolitical trends. Companies will need to understand the likely development of European and the technology choice, including access to energy, raw materials, and timely implementation capabilities 

McKinsey steel team – authors and presentation tbd Agnes or Toralf

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DTSTART:20230614T145000
DTEND:20230614T151000
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