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Global metals markets are evolving to become greener. Steelmakers worldwide are in a race to meet decarbonization goals under the growing scrutiny of the global leaders and consumers of steel products, who all have commitments to the energy transition.
In 2022, the World Economic Forum, which consists of more than 50 corporations, pledged to purchase “green” steel and lower carbon steel products, including other low carbon emitting commodities, by 2030.
As the momentum increases to decarbonize the metals industry, Fastmarkets continues to lead the way by launching our first suite of green steel prices into the European market. Our new green steel benchmarks include a green steel base price and domestic price, which were launched to help to define, measure and communicate green standards to support your decarbonization journey.
Our team of senior analysts and price reporters break down the big stories and analyze the key developments happening across green steel, global scrap and low carbon raw materials markets.
Stay connected to the latest price developments, shifting ‘green’ raw material strategies, technological advancements and market forecasts vital for decarbonizing the metals markets.
Talk to us about how our price data can help you to meet your decarbonization goals.
Discover how our suite of green steel prices can support your ‘green’ investment decisions while bringing transparency to the industry
Follow the green steel discussions and keep up to date with the developments impacting the low carbon economy
Austrian steelmaking group Voestalpine intends to replace coal-fuelled blast furnaces with climate-friendly electric-arc furnaces (EAFs) powered by green electricity at its sites in Linz and Donawitz by 2027, the company said in a press release on Wednesday March 23
Brazil, a country that already emits less greenhouse gases (GHG) per tonne of crude steel produced than the global average, seeks in charcoal and natural gas a way to take short-term steps on its lengthy decarbonization road, but its legacy integrated steelmaking capacity could be a hurdle
The brand, called GRN Steel, will offer reinforcing bar, wire rod and merchant bar, Schnitzer announced on Monday March 7
Steelmakers will need to adapt quickly to the burgeoning decarbonization movement in Asia to remain relevant, Gunung Capital managing partner Kelvin Fu told Fastmarkets in an interview
Fastmarkets charts the steady and recently rapid rise of southern steelmaking, and its possible impact on ferrous scrap markets and pricing
Ukraine’s largest national steelmaker, Metinvest, plans to cut its greenhouse gas emissions by 15% by 2030, and by 40% by 2040, according to media reports
Speak to us today about how you can start using our green steel prices and low carbon steelmaking raw materials price options in your contract negotiations
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Find out how some of the top steel companies are tackling Scope 3 emissions in nine fact-filled sections
The concept of what constitutes ‘green steel’ differs far and wide. Different regions and industries have drastically different ideas of what green steel is, how to regulate it, and how to achieve it.
Fastmarkets has launched two new Green Steel prices for the European domestic market, starting Thursday June 8.
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