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Expectations are set for steelmaker's near-zero-emissions transition
Until recently, the steel industry was said to be ‘hard to abate,’ and companies were rarely held accountable for their lack of climate actions. What counts as credible steps for deep decarbonisation has not been clear. Not anymore.
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SteelWatch Corporate Scorecard 2026 – The Transition Readiness Gap
Iron and steelmaking remains one of the most emissions-intensive sectors globally, accounting for around a tenth of global carbon emissions. In an industry shaped by long-lived assets and capital-intensive production, decisions taken or delays made by major steel companies will play a critical role in shaping global climate outcomes.
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Tracking the steelmaker transformation
Steel production is a major driver of the worsening climate crisis, but it is ironic that the largest challenge steelmakers face – transforming production to be near-zero emissions – is one so badly tracked. We’re fixing that.
SteelWatch: a vigilant voice for transformation of the steel sector
We challenge the global steel industry to urgently deliver its fair contribution to a livable planet and support civil society to hold the sector accountable.
Campaign for change by specific influential steelmakers
By challenging company behaviour we seek to influence specific corporate decisions.
Challenge complacency and drive action across the steel sector
We expose problems of steelmaking to drive urgency and overturn the narrative that current action is enough.
Strengthen civil society impact
Change requires multiple actors to be stronger and aligned. Strengthening the impact of other civil society actors is woven into how we achieve our public roles.
Latest Commentary
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Until recently, the steel industry was said to be ‘hard to abate,’ and companies were rarely held accountable for their lack of climate actions. What…
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The EU Emissions Trading System (ETS) is the bedrock of European climate policy and the world’s most rigorous and ambitious carbon pricing instrument. While the…
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The transition of the global steel industry to near-zero emissions production made little progress in 2025. This year was defined not by decisive movement toward steel decarbonisation, but by the dominance of tariffs, cost pressures, uncertainty over policy incentives, and politicisation of steel within national security debates.
Latest Reports
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Iron and steelmaking remains one of the most emissions-intensive sectors globally, accounting for around a tenth of global carbon emissions. In an industry shaped by…
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Nippon Steel Corporation is now at a major turning point. Despite being based in resource-poor Japan, the company has grown to become the world's fourth largest steelmaker, and is now expanding its business to North America, India, Europe, and Australia. However, the "blast furnace-centered" and "domestic-centered" policies that underlie the company's corporate strategy remain strong.
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Up until 2024, ArcelorMittal consistently positioned itself as a leader in decarbonising the global steel industry. With the ArcelorMittal Corporate Climate Assessment 2024, published in May 2024, SteelWatch challenged that narrative, exposing the stark gap between its rhetoric and its actions — and called on ArcelorMittal to step up and lead real transformation.
