EU GREEN STEELMAKING: Producers bring first certified green steel to the market

Steel companies ArcelorMittal and Ovako have both begun to offer the first certified "green steel", following increased scrutiny on emissions from customers, the two companies announced separately.

ArcelorMittal
ArcelorMittal Europe is offering green flat steel products using a system of certificates which are linked to the tonnes of CO2 savings achieved through the company’s investment in decarbonization technologies in Europe, and certified by independent auditor DNV GL.

The certificates can be used by customers to report an equivalent reduction in their Scope 3 emissions, which are indirect emissions coming from purchased materials, in accordance with the GHG Protocol Corporate Accounting and Reporting Standard.

The company said it achieved its first sales of certified green steel in 2020 and anticipates offering 600,000 tonnes by 2022.

It added it is clear that in order to drive the transition to net zero steelmaking, a market pull toward lower emissions steels is needed. The company said it is is innovating to respond to this rising demand for green steel from customers.

Additionally, it will commission its first Smart Carbon steelmaking technologies in Ghent next year (2022), while its first hydrogen reduction project in Hamburg will start production 2023-2025.

The company has a net zero target by 2050, aiming for a 30% CO2 reduction in Europe by 2030.

Ovako
Swedish special steel producer has published new environmental product declarations (EPDs) with independently audited environmental footprints for its products to help customers make climate-smart decisions.

The EPDs cover the full environmental impact, including the carbon footprint of hot-rolled steel bar from Ovako’s Hofors, Imatra, and Smedjebacken and Boxholm (Smebox) mills.

These declarations are based on a life cycle analysis of hot-rolled bar from the cradle to the gate. They take account of all the recycled scrap and alloying elements, transport, energy and waste products in the production process, and include all yield losses to final product.

Ovako recently reported the successful use of hydrogen to heat steel before rolling.

The new environmental declarations evaluate and present six different environmental aspects. Ovako can also offer this information to customers for each specific product purchase, based on alloy variants and further processing.

“The carbon footprint of our hot-rolled products is 80% lower than the global average. Our customers can use our steel to improve their environmental footprint and the climate profiles of their end customers, and thereby gain a competitive edge. We have a lot of customer inquiries about our carbon footprint and we believe interest will grow further,” Ovako head of sustainability and safety Katarina Kangert said.

What to read next
Japanese steel major Nippon Steel is aiming to hit its 2050 goal of carbon neutrality by focusing on hydrogen-based direct reduced iron (DRI) to make a breakthrough in green steel production, the company said on Friday May 30.
No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage. This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes […]
Discover how President Trump's tariffs impact the US fluff pulp export market, specifically targeting the EU and China.
The last assessments for the LWC and MWC rotogravure grades will be published on July 17. The prices will be discontinued on August 21. The affected prices are: FP-GP-0027 LWC rotogravure reels 60-g, France, €/tonne FP-GP-0026 LWC rotogravure reels 60-g, Germany, €/tonne FP-GP-0083 LWC rotogravure reels 57-g, Germany, €/tonne FP-GP-0082 LWC rotogravure reels 54-g, Germany, €/tonne FP-GP-0086 MWC rotogravure reels […]
At Fastmarkets’ International Iron Ore & Green Steel Summit 2025, we expect topics such as iron ore pricing trends, green steel developments and growing demand for high-grade pellets to emerge. The event will address decarbonization, Europe’s green steel growth and shifts in scrap and pellet markets driven by supply and cost changes.
The rationale for MB-CO-0004 cobalt alloy grade, in-whs Rotterdam, $/lb had erroneously stated that an indication at $18.50-20.00 per lb was included in the assessment. This has been corrected to explain the indication was made outside of the pricing window, and had therefore been discarded. The published price is unaffected by this change. These prices are a […]