ResponsibleSteel held its first meeting in Asia, on 10th December 2019, in association with CBMM and presented its Standard for the sustainable sourcing and production of steel.
As the world’s largest steel producer, representing 38% of global output, China will play a central role in the evolution of the global steel industry. The meeting provided a first opportunity for participants to learn about ResponsibleSteel and how its Standard can support a sustainable global steel industry.
The ResponsibleSteel Standard was approved in November, and the first certificates are expected to be issued next year. The world’s largest materials industry, the steel sector generates a turnover of 1 trillion US dollars and accounts for between 7% and 9% of direct emissions from the global use of fossil fuel. A key goal of the new Standard is to support the transition to lower emissions, in support of the Paris Agreement on climate change.
CBMM is the world’s leading supplier of niobium and niobium technologies to the steel and other industries. Niobium alloying makes stronger and more formable steels that enable the production of lighter and safer cars, taller wind towers, higher skyscrapers and safer energy infrastructure amongst other things. Use of niobium containing steels also creates direct environmental benefits as it reduces emissions in all phases of production and use.
To learn more about Niobium, visit: Niobium.tech
Matthew Wenban-Smith, Executive Director at ResponsibleSteel, commented: “ResponsibleSteel developed its Standard through a process of discussion and collaboration with stakeholders from across the steel supply chain and around the world. We are delighted to have met with a number of important players in the Chinese steel industry today and we will incorporate their valuable feedback as the Standard continues to evolve over the coming years.”
Photo credit: Chrion Zhaoback to news