The construction industry is one of the most important steel-using industries, accounting for more than 50% of the world’s steel demand. Steel is needed to support everything from houses to parking lots, schools to skyscrapers. Additionally, steel is also used for the cladding of roofs and facades.
According to a new UN report released in 2019, the world population is expected to increase by 2 billion people over the next 30 years, from 7.7 billion today to 9.7 billion in 2050. This will be accompanied by rapid urbanization. As the global demand for buildings and infrastructure continues to grow, reducing natural resource consumption and associated emissions is critical to future sustainability.