Servitization Opportunities for Improving Sustainability in the Steel Industry

This paper examines the iron and steel industry's efforts to reduce car-bon emissions and achieve environmental sustainability goals in line with global climate change policies. The paper investigates the potential for product-service solutions as a viable business model option to reduce the sector's environmental impact. By taking into account articles from the literature, funded research pro-jects documentation and websites of some of the most important European plant manufacturers or service providers for the steel industry, the study aims to un-derstand the state of the art of the steel sector in terms of servitization and iden-tifies servitization opportunities that can assist steelmakers in achieving sustain-ability goals, through the deployment of green technologies and improvement in the steel processes sustainability. The study finally discusses the adoption of ser-vitization solutions that could be used, along with other technological strategies, to guide steelmakers or steel technology producers in partially changing their business model to meet the environmental targets set by policymakers.