Latin American Steel Association Alacero and leading energy, analytics and consulting company Wood Mackenzie have announced a new partnership aimed at supporting the decarbonization of the steel industry in Latin America, a region that produced over 60 tonnes of steel in 2022. The partnership, established in January 2023, will leverage the expertise of both organizations to tackle the complex and challenging process of reducing greenhouse gas emissions in the region. With the Paris Agreement's goals in mind, the partnership will work towards a low-carbon future for the steel industry.Alacero and Wood Mackenzie believe that by working together, they can help the steel industry in Latin America navigate the challenges of the transition. So that, combining Wood Mackenzie's expertise in energy, chemicals, and mining research, with Alacero's extensive knowledge of the Latin American steel industry, this process will consider the different economic and social realities between developed and developing regions.Latin America starts from a more favorable situation and has an opportunity in a future of sustainable development given the abundant availability of natural resources and the conditions for developing and implementing renewable energy and biomass projects. Latin America also has the lowest CO2 emissions per ton of crude steel produced of 1.66 tonne when compared to the world 1.91 tonne and China’s 2.24 tonne. The partnership will help ensure that the steel industry in Latin America remains competitive, resilient, and sustainable for generations to come. Steel is part of the solution for a sustainable and low-carbon future.