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GEM’s GIST: Ferrous Future's Fraught Foothills & Fossil Folly

Global steel capacity reaches 3.7 billion metric tons annually. China runs 60% of coal based blast furnaces. India builds 57% of new dirty plants. Each BF-BOF metric ton emits 2.2 metric tons CO₂ versus 0.4 for electric arc furnaces. Completing proposed coal based units adds 15 billion metric tons CO₂. Hydrogen steel projects promise zero emissions but remain pilot scale.

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