Decarbonization of the steel industry in Asia is set to accelerate, with steelmakers pressed to export more amid weak local demand and oversupply, necessitating the increase of low-carbon steel supply

Steel market participants gathered at the Nordics regional meeting of steel distributors’ association Eurometal in Copenhagen, Denmark on Thursday October 5, where key discussion topics were how the EU’s Carbon Border Adjustment Mechanism (CBAM) will operate and the risks importers face once it reaches final implementation