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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
A new platform launched by the Rocky Mountain Institute (RMI) could see a collective order of 2 million short tons of green steel from major companies, propelling the North American steel industry’s decarbonization push
German automaker Mercedes-Benz has signaled its preference for greener steel in the US alongside a commitment to 50,000 tonnes per year from long-time supplier Steel Dynamics Inc (SDI)
Read more about our green steel Asia differential, the region’s first green steel benchmark aimed at serving the East Asia market
The Global Steel Climate Council (GSCC) has launched new standards for producers that want to call their products “low carbon,” just as the US government, ready with billions of infrastructure spending to deploy, is deciding exactly what “low carbon” means
European green steel premiums were little changed in the past week, with demand remaining slow because original equipment manufacturers (OEMs) feel no pressure to “go green” yet, sources told Fastmarkets on Thursday August 3
Dramatic changes are expected in the Japanese steel industry in the run-up to 2030, with exports of ferrous scrap expected to fall and local use of the material to soar amid the transition away from traditional blast furnace (BF) technology toward greater electric-arc furnace (EAF) capacity
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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