When the world will be ready to replace steel with carbon?
By Mark O’Sullivan”I have never seen an area of the world where you are making such a huge difference,” said Prof. O’Leary, who is also professor of materials science at the University of Manchester.
“We will see a massive improvement in quality and we will see this across industries, from energy to manufacturing to healthcare, food and consumer goods.”
The announcement was made in the US by the US Federal Trade Commission, which has called for a global ban on the import of steel.
It is the first time the US has made such a declaration since the US-led coalition against Islamic State (IS) began in 2014.
“This announcement will make the US a leader in the global steel supply chain, and it will have an enormous impact on US manufacturing jobs and on jobs globally,” said Mark Ritchie, the chairman of the US Chamber of Commerce, in a statement.
“I think it’s going to be a very good thing for US manufacturing.”
While the US is the world’s largest steel consumer, its steel industry is one of the fastest growing in the world, with output of the product rising by 40 per cent in the first quarter of this year compared to the same period last year, according to US steel production company Steel Dynamics.
The United States has made a strong case to the world that steel is essential to modern industrial processes.
It also exports the product, and the world consumes around 70 per cent of its steel, which is often in a high-strength steel alloy.
“Steel is an essential ingredient in all of our manufacturing processes and is integral to our ability to build our military industrial base,” US Secretary of State Mike Pompeo said in a press conference on Friday.
“And it’s an essential component of everything from roads and bridges to power plants and factories and even the very fabric of our cities.”
Prof. O’sLeary said the US could also make a major impact in the fight against climate change by adopting the most efficient carbon-neutral steel that has been produced since the 1950s.
“For decades we’ve been using a very high percentage of steel, but now we are beginning to get the carbon-reduction technology,” he said.
“If we were to get into a position where we are really using the carbon content of steel that’s been produced in the last 40 years to replace the steel that we’re going to need to use in the next 40 years, then we are going to make a huge impact.”
The US is one the world leaders in the production of carbon-free steel, according a 2015 report from the US National Steel Association.
The US produces around a quarter of the global production of the alloy, and in 2016, the United States exported nearly 90 per cent.
According to the report, US production is on track to double over the next 25 years.