The global push to decarbonize the steel industry means innovation is becoming increasingly important, according to speakers at the Singapore Steel Forum 2021 on Wednesday July 14.
While sharing his outlook for the steel industry in Japan, the principal of JFE Steel's Overseas Business Planning Department, Kazuo Mike Fujisawa, said that "in the context of decarbonization, innovation is becoming critically important." Aiming to achieve carbon neutrality by 2050, he said the Japanese steelmaking giant will accelerate its research & development (R&D) to create super-innovative technologies.He said, JFE Steel was trying to convert carbon dioxide as a resource by recycling blast furnace carbon using carbon capture and usage (CCU) technology.And the company will...