Driving transformation forward together Steel is already being produced in Germany and in the European Union with less CO₂ and in a more climate-friendly manner than in many other countries around the world. Against the background of the goal of greenhouse gas neutrality in 2050, we are determined to lead the further transformation towards climate-neutral and sustainable steel production to success in a smart and level-headed manner and to become the technology leader for innovative and climate-friendly production processes. This will require investments in the tens of billions over the next two decades.³ They will 3 Own calculation by WV Stahl: The investment costs for a complete conversion of the primary steel route to low-CO₂ processes were roughly estimated using the rule of thumb of 1,000 euros per ton of new crude steel production capacity multiplied by a primary steel production of around 30 million tons.