steel

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

“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.”

“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.”

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

“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…”

“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…”

“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 …”

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

“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.”

“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.”

“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.”

“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…”

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

“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.”