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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
BMW Group will start to use low-carbon steel from Chinese steelmaker HBIS Group in vehicle production at its plants in China from mid-2023, the German carmaking giant said on Thursday August 4
Electric-arc furnace (EAF) steel production is on the rise as China strives to meet decarbonization targets
Increasing urbanization around the world is one of the main factors driving appetite for green and sustainable steel, Abednedju Giovano Warani Sangkaeng, president director of Indonesian steelmaker Gunung Raja Paksi (GRP), told Fastmarkets in an interview
At this year’s Steel Success Strategies conference in Miami, the expert steel automotive panel delved into the risks and opportunities facing steel in automotive production
US steelmakers continue to fine tune or ramp up their raw materials strategies in a race to cover the prime scrap shortfall as the pendulum swings further away from blast furnaces toward electric arc furnace (EAF) production
ResponsibleSteel, a third-party global provider of sustainability standards and certifications, is working on a steel certificate that should be ready in the next two to three months, marking the next step in a standardized benchmark for sustainable steelmaking
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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