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How the global steel industry can go green

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Contributors: Maggie O'Neal, Tom Zhang

Steel is a vital industrial metal, widely used in energy, construction, transportation, infrastructure, packaging and machinery. But producers need to get a lot greener if the world is to deliver on its ambitious net zero targets. Here our Research team explains why – and how.

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Contributors: Maggie O'Neal, Tom Zhang

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Bent steel bars painted seafoam green

Barclays Corporate and Investment Bank clients can access the full report, entitled Green Steel: From rhetoric to reality. Sign in

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Bar chart showing Indicative operating cost breakdown for steel production technologies ($/tonne)
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About the analysts

Maggie O’Neal

Credit Research

Maggie O’Neal is a Managing Director in Credit Research at Barclays. Based in London, Maggie has senior coverage responsibility for the Basic Industries and Industrials sectors. She has been named in the Institutional Investor European Fixed Income Research team for her coverage of Basic Materials and Industrials since 2016, including most recently #1 in High Yield Basic Materials in 2021. Prior to joining Barclays in 2015, she was at Deutsche Bank for ten years, where she held a similar role covering High Yield Basic Industries and Industrials, following a short time in Emerging Markets Credit Risk.

Tom Zhang

Equity Research

Tom Zhang is an VP analyst covering European steelmakers. He joined Barclays in 2021, having previously spent five years at Credit Suisse. Tom graduated with a first class degree in Economics from Cambridge University and is a CFA charterholder.

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