ResponsibleSteel debuts new global steel sustainability standard

ResponsibleSteel, a third-party provider of sustainability standards and certifications, has launched a new global standard for the steel industry with a focus on responsible sourcing

The new standard will “play a pivotal role in driving down greenhouse gas (GHG) emissions and driving up standards in the steel supply chain” and will “push back against greenwashing,” it said on Wednesday September 14.

Created after taking inputs from its members — which include steel companies such as ArcelorMittal, Tata Steel, US Steel, Thyssenkrupp, Posco, BlueScope, and Voestalpine, as well as environmental non-governmental organizations — the “ResponsibleSteel International Standard V2.0” will enable steel buyers to “specify what green procurement means in a credible way.”

The revised standard addresses issues across the entire environmental, social, and corporate governance (ESG) spectrum as well as the threat of climate change, pertaining specifically to GHG emissions and the responsible sourcing of input materials, it said.

The standard applies to operational steel and related sites that process raw materials for steelmaking, or that produce steel products, according to a ResponsibleSteel spokesperson.

ResponsibleSteel noted the following:

  • Sites that wish to market or sell ResponsibleSteel-certified steel must achieve a minimum threshold level of performance for the intensity of GHG emissions for the production of crude steel. The threshold level of performance is determined in accordance with internationally consistent GHG accounting rules, which require that all significant GHG be taken into account, including methane and carbon dioxide. The GHG emissions associated with the extraction, transportation and processing of input materials must be included, as well as the site’s direct emissions and the indirect emissions associated with its energy use.

  • The standard defines GHG emissions intensity performance having taken into account the proportion of scrap that is used as input material, ensuring that it is globally applicable and does not simply divert the limited supply of scrap from one use or user to another, without achieving GHG emission reductions for the sector as a whole.

  • The standard defines and distinguishes between four levels of performance from a basic threshold for ResponsibleSteel certification (level 1) through to the production of “near zero” steel (level 4), allowing steel users, specifiers and policymakers to design their own specifications, commitments and incentives to maximize the speed of the steel sector’s transition to the production of “near zero” steel.

The official review of the new standard will start in 2023, according to the organization’s website.

“Steel customers can now be confident in specifying ResponsibleSteel-certified steel products,” Gerry Tidd, chairman of ResponsibleSteel’s board of directors, said in a press release.

To keep up with the green steel discussion by visiting our Green Steel Spotlight page. Learn more.

What to read next
The following prices were affected: MB-STE-0007 Steel hot-rolled coil domestic monthly, exw Brazil, reais/tonne MB-STE-0005 Steel cold-rolled coil domestic monthly, exw Brazil, reais/tonne MB-STE-0006 Steel hot-dipped galvanized coil domestic monthly, exw Brazil, reais/tonne MB-STE-0008 Steel reinforcing bar (rebar) domestic monthly, delivered Brazil, reais/tonne These prices are a part of the Fastmarkets steel package. For more information or to provide […]
The following prices were affected: MB-STE-0916 Green steel domestic, differential to US HRC, fob mill, $/short ton MB-STE-0917 Green steel base price, hot-rolled coil fob US mill, weekly inferred, $/short ton These prices are a part of the Fastmarkets steel package. For more information or to provide feedback on the delayed publication of this price or if […]
Understand the dynamics of Saudi Arabia steel scrap prices with insights on local market conditions and demand fluctuations.
Fastmarkets has discontinued its price assessments for MB-STE 0438 steel rebar, domestic, exw India, and MB-STE-0433 steel billet, domestic, exw India on December 10.
The following prices were affected: MB-STE-0892 – Steel hot-rolled coil index domestic, exw Italy, €/tonne MB-STE-0028 – Steel hot-rolled coil index domestic, exw Northern Europe, €/tonne These prices are a part of the Fastmarkets steel package. For more information or to provide feedback on the delayed publication of this price or if you would like to provide […]
The decision follows a consultation period that started on October 28 and ended on November 25. The price assessments in question are:MB-STS-0008 Stainless steel scrap 18/8 solids, import, cif main European port, € per tonneMB-STS-0009 Stainless steel scrap 18/8 turnings, import, cif main European port, € per tonneMB-STS-0261 Stainless steel scrap 316 solids, import, cif main European port, € per […]