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Episode 1 of Season 2 is now out! The first episode of the new season features Gregory Murphy, General Counsel and Executive Vice President of Business Services & Sustainability, at Nucor Corporation, North America’s most diversified and sustainable steel and steel products company. The conversation focuses on Nucor's efforts to find sustainable solutions to secure a cleaner future. To hear more about their circular EAF steelmaking process that has 1/3 the GHG intensity of extractive blast furnace steelmaking and other fascinating insights, join us using the links below: Apple 👉 https://lnkd.in/ePCvBxrX Spotify 👉 https://lnkd.in/eX4S5ZYi Amazon 👉 https://lnkd.in/e5E2DUBG Now also available on other major podcast channels via https://lnkd.in/er2ijCij #TheGreenSteelChallenge #greensteel #steel #decarbonisation #podcast #environment #EAF #Blastfurnace
Greg and Nucor were honored to kick off the second season of the Green Steel Challenge podcast! 👏 Nucor is committed to decarbonization and fostering important conversations about sustainability. Let's keep the conversation going!
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Director of Engineering Solutions | Structural Steel Expert | Leading Innovation & Sustainability in the Steel Industry | Empowering Clients to Achieve Their Goals
4moHow is the steel industry viewing the future of Electric Arc Furnace (EAF) production in relation to the availability of scrap and virgin iron, especially when considering projections for future steel demand? Current estimates suggest that while the global scrap supply appears sufficient for today's production levels—where EAF accounts for 30% of total steel production (565 million tons out of 1.88 billion tons)—the situation changes when looking ahead to 2030. With an expected increase in total steel production to 2.1 billion tons and a projected rise in EAF's share to 40%, the scrap supply could fall 21% short of demand, and up to 30% short if EAF reaches a 45% share. Given these challenges, and the uncertainty around how much scrap supply will increase as more buildings reach the end of their life cycle, how is the industry preparing for potential scrap shortages while balancing sustainability goals and production needs? I understand that my numbers are high level and based on estimates and generalities so please take these with a large grain of salt. I do however think it is an important thought exercise that producers are carrying out and I would be interested to know what the results look like.