Sustainability in the Industry

Metal Industry

Impacts, Risks and Opportunities

Sustainability in Metal Industry

On the one hand, they are “enablers” of sustainability, for example in wind turbines, electric motors and lightweight construction. On the other hand, metals are considered the world’s largest driver of the climate crisis. Today, the production of steel, aluminum and copper causes around 10 percent of global CO2 emissions.

Solutions to decarbonize the steel industry are available. In Sweden, the first direct production plant is being built that is operated in a climate-neutral manner using 100 percent green hydrogen, and other steel companies are also making impressive leaps in efficiency by modernizing their plants. For example, by blowing in green hydrogen or synthesis gases electrically heated with green electricity, the carbon footprint of an existing blast furnace can be significantly reduced. Combined with carbon capture and use technologies and electrolysis, paths to green steel production are emerging.
Further levers include withdrawing from sector coupling with coal mining and increasing the production of raw materials such as lithium, nickel or copper for the energy transition. Sustainability effects lie in increased eco-effectiveness as well as in the reduction of negative social impacts. There is also great potential in increasing the recycling rates for steel, aluminum, but especially copper and all other non-ferrous metals that are crucial for the key technologies of the future. Metals, for example, have the great advantage over plastics that they can already be recycled almost 100% as often as required. At the same time, recycling makes the industry less dependent on mining products from global supply chains. In addition to developing aluminum alloys that can be recycled indefinitely, it is important to develop recycling technologies to recover lithium, nickel, cobalt and other metals and bring them back into the cycle. Globally, growth to 10 billion people and emerging middle classes in the global south will bring a drastic increase in demand. The industry has a great responsibility here not to unreflectively see this volume growth as a leap in growth, but rather to develop smart concepts together with partner industries.

The industry includes, for example, the production of pig iron, steel and ferroalloys as well as non-ferrous metals including aluminum and copper. Metal processing companies are assigned to sector 42 “Metal and mineral processing”.

Industry Materiality

Key Fields in the Industry 

Sustainability is different by industry. Learn key material transformations fields in Metal Industry.

Climate

Resources

Value Chain

 

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EU NACE Classification 

Industry NACE Classes

Unsure if the industry is the right one? A comparison with the EU’s granular NACE classification Rev. 2.1 provides clarity.

Included NACE classes in the industry

C 24.1 Manufacture of basic iron and steel and of ferro-alloys
C 24.10 Manufacture of basic iron and steel and of ferro-alloys
C 24.2 Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
C 24.20 Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
C 24.3 Manufacture of other products of first processing of steel
C 24.31 Cold drawing of bars
C 24.32 Cold rolling of narrow strip
C 24.33 Cold forming or folding
C 24.34 Cold drawing of wire
C 24.4 Manufacture of basic precious and other non-ferrous metals
C 24.41 Precious metals production
C 24.42 Aluminium production
C 24.43 Lead, zinc and tin production
C 24.44 Copper production
C 24.45 Other non-ferrous metal production
C 24.46 Processing of nuclear fuel
C 24.5 Casting of metals
C 24.51 Casting of iron
C 24.52 Casting of steel
C 24.53 Casting of light metals
C 24.54 Casting of other non-ferrous metals

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