steelTalks is a monthly series on topics of interest to the global steel community. The lectures are presented in a webinar format with a guest lecturer. In this talk, we will get to hear the main findings of this study on megatrends, how they are expected to shape the global socioeconomic landscape and the future of steel using sectors and the global steel industry.
Description
We have been operating under unusually uncertain and volatile conditions for the last decade or so. The energy and transportation sectors, for example, are transforming at an astonishing speed faced with increasing pressures from environmental regulations and disruptive technologies. The established global order seems to have been challenged politically and economically on different fronts. The COVID-19 pandemic have reinforced & accelerated many of these continuing changes. Before COVID-19 we had been considering a timeline over the next 10-20 years. It is now clear that things will move much quicker.
Worldsteel carried out a one and a half year study to develop a deeper understanding of macro megatrends, the resultant industry specific consequences for major steelusing industries and the likely evolution paths for the steel business in the decades to come.
In this talk, we will get to hear the main findings of this study on megatrends, how they are expected to shape the global socioeconomic landscape and the future of steel using sectors and the global steel industry.
Course content
Learning Outcomes
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Comprehend basic financial reports and recognize their relevance to the industry.1
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Identify primary steel products and understand basic factors influencing supply and demand.1
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Influence industry direction, lead in adapting to disruptive changes, and actively shape discussions on the future of steel.4
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Interpret market reports and identify emerging trends, explaining their potential impact on the industry.2
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Emerging Leader
As the global steel industry stands at a crucial crossroads, it calls for leaders who are not just visionaries but also pioneers of change. These emerging leaders are at the forefront of navigating the industry through a transformative era marked by rapid technological innovation and an urgent drive toward carbon neutrality. An emerging leader in this context embodies the fusion of strategic acumen and sustainability. They are champions of cutting-edge technologies such as electric arc furnaces and hydrogen-based steelmaking, advocating for these advancements not just as alternatives but as imperatives for significantly reducing carbon emissions. Their leadership is defined by an unwavering commitment to reconfiguring the entire value chain, from ethical sourcing of raw materials to implementing carbon-neutral manufacturing processes.
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