Steel

“In the 21st century, it really is like the material is computation. It's kind of like if in the past there was oil, you know, or steel or whatever it is, today it's computation. And so the more we can give that to more people, the more interesting things happe…”

“In a system where if we just exclude the battery for the minute it's most, it's basically half steel, and then you've got about a quarter is your powertrain. And then about a little less than a quarter is your marine coatings, and then you've got other, you kn…”

“This year in the U.S., steel manufacturers will produce more than seventy-one million tons of steel.”

“Well, we are developing a technology that will eliminate all these emissions. No carbon involved at all as a reducing agent, so we use electricity instead, and therefore if the electricity is clean, you take care of scope one and scope two in manufacturing ste…”

“If you know, if we don't find non-dilutive funds earlier, that cell will be running in twenty-twenty-eight, which will then unlock the commercial application of the technology for steel in 29, twenty-thirty.”

“It's the cost of raw materials, aluminum, steel, 90% of the cost of that is actually energy.”

“Yeah, rebar for buildings, for driveways, for, and it never rusts. It's twice as strong as steel, and it's one quarter the weight, and it's available in every Lowe's store in America.”

“We saw in about one to two quarters, steel roughly doubled, and logistics costs tripled in some corridors, shipping from point A to point B, in like four to six months.”

“In the greatest hits album of electrochemistry, you'd have a lot of tracks focused on batteries, for sure, and for good reason. But there are deeper cuts, too, and some new music with pretty extraordinary potential. Anyway, think tracks on cement and steel and…”

“Half of any tracker is steel, and if that underlying commodity is threex the cost in the U.S., it's going to make it hard to compete with anyone.”

“This is true in commodities like steel and e-fuels because an influential end customer can push the rest of the chain to take a chance on a low-carbon product. It's definitely true here in Cement.”

“It's a much smaller market than any of the others I just mentioned, I should note, but the demand growth trajectory is also steeper, and it's got all the makings of a super volatile commodity landscape.”

“Steel is actually the most recycled material of all, full stop.”

“So if you look at, like, the total process Of the iron making and the steel making together for a vet, just like a very typical conventional blast furnace facility, you're usually going to end up with more than two tons of CO two per ton of steel, which is kin…”

“When people do studies on these type of thing, they typically find that buildings use between 50 and a hundred percent more structural material than is required to comply with building codes, and they do that because the structural material, mainly steel and c…”

“Every metal besides steel requires more energy to make it than steel does”

“And steel's inherent fatigue resistance, higher strength it's truly just a better metal than aluminum for a steel frame application.”

“So it's three things. It's cement, steel, and fossil fuels.”

“If you replace concrete with anything, that number goes up. If you try to replace it with plastic, if you try to replace it with steel, think about where you use concrete.”

“The current production of cement actually relies on the production of electricity and steel from coal. And both of those industries' growth have slowed. And That is leading to a domino effect where the price of cement has been rising.”

“So the United, in the United States, about 70% of steel produced every year comes from using scrap in these electric arc furnaces, and 30% comes from these coal-using blast furnace basic oxygen furnaces. Globally, it's the reverse. So 70% is coming from this c…”

“And an interesting point I saw from Bloomberg NEF, BNEF said that they estimated that a 25% increase in the price of steel would only raise vehicle production costs by one percent because it's a, it's an important but not massive part, I guess, of the overall …”

“There's also clear and consistent evidence that we definitely need Something and hydrogen is the thing at present for high temperature heat, for making cement, making steel, to replace fossil fuels for chemicals and fertilizer, and to provide some kind of carb…”

“We went from the largest exporter of steel to the largest importer of steel.”

“The carbon footprint of steel is three times higher in China.”

“There are some things that you can't directly electrify, and, you know, steel, cement, there are these Hard to abate sectors, and I think that green hydrogen, we're going to need a molecule, you know, it's probably not going to be an electron, it'll be a molec…”

“In 1970 the US was making 10 X as much deal as China. Now it's like 14 X the other way.”

“Steel, aluminum, cement, chemicals, aviation, shipping, and trucking. Add them up, and they represent about a third of global greenhouse gas emissions, and they're the sectors where the existing, fully commercialized, mature, and ready-to-deploy technology wil…”

“India's largest source of emissions growth. It's not coal power. It's steel, iron and steel.”

“In all of our different sectors now, cement, steel maybe not aviation fuels entirely, in almost all of our sectors, it is now as inexpensive to build the clean alternative as it is the dirty one, thanks to the IRA.”

“And that's even before you start thinking about, are we going to build solar to make hydrogen? And I suspect that by 2030 we are, just because we've got no idea how else to manage the problems of intermittency and how to decarbonize steel and fertilizer.”

“It's responsible for something on the order of six to eight percent of global greenhouse gas emissions, right up with steel for the largest source of industrial emissions in the world.”

“I don't think we're actually going to make a lot of things better, not enough to make a real difference. I think there you're thinking about like a 10 or 20% improvement.”

“Compared to plastics, where you're recycling maybe 10% of it, steel is like 80 or 90% recycled.”

“We make about two billion tons of steel today, every year. We think by twenty-fifty that's going to peak and level out at about three billion tons.”

“And the biggest carbon footprint in the car is actually steel.”

“A ton of steel made in the United States is going to be made with less energy intensity than most parts of the world. Not all, but most, and certainly China.”

“In 1988, the year global plastic production pulled even with steel.”

“It takes more steel. It takes more cement to build a wind farm than it does on, on a, you know, a normalized basis that the amount of material to produce a gigawatt hour, say of energy per year it, you know, we're on the order of probably something like seven …”

“They're already the third largest source of industrial greenhouse gas emissions behind steel and cement.”

“Steel is like eight percent of global carbon emissions. It's three times aviation.”

“And the reality is Ford spends more money per car on health insurance than it does steel.”

“The future will not be steel and metal. It will be this sort of engineered biological thing that just grows, that has this function.”