Green steel spotlight

Follow the low carbon steel discussion and keep up to date with the developments influencing the decarbonization of the steel industry

Steelmakers worldwide are in a race to meet decarbonization targets under growing scrutiny on the steel industry’s role in climate change. At the World Economic Forum this year, more than 50 corporations pledged to purchase “green” steel, low carbon steel and other commodities made from processes that emit little to no carbon by 2030.

As the momentum for low carbon steel increases, stay connected with the Fastmarkets discussion. Our team of senior analysts and price reporters analyze the shifting trends and outlook vital to the low-carbon steel market.

Low carbon steel news and insights
Brazil-based Gerdau will invest up to 1.5 billion Reais ($277 million) in solar and wind power projects by acquiring a third of energy generation and commercialization company Newave Energia, advancing its decarbonization goals, the steelmaker said on Friday November 25
Baoshan Iron & Steel (Baosteel) will begin to supply steel made with sharply reduced carbon emissions to Beijing Benz Automotive (BBAC) from next year, the Chinese steel giant said on Tuesday November 22
Aligning various methodologies of calculating and reporting greenhouse gas (GHG) emissions in the steelmaking process has become a challenge in the push towards decarbonization of the industry, but there’s demand for aligning it
To achieve a decarbonized steel industry by 2050 and meet consumer demand for “green” steel products, an international group of steelmakers has urged the United States and EU to adopt a global emission standard to support the transition to low-emission steel
Major Brazilian iron ore miner Vale’s plan for green briquette megahubs in the Middle East has sparked much curiosity and interest about how they will work, especially with miners looking to take a share of the decarbonization “pie” by ramping up their offerings of direct-charge materials in their attempts to eliminate sintering
The steel scrap market is undergoing a monumental shift as the pull of decarbonization, growing market consolidation and supply shortages propel steel scrap into ‘hot’ commodity status
Governments of countries which are responsible for half of the global gross domestic product (GDP) outlined new targets for the previously agreed Breakthrough Agenda, a 12-month action plan to accelerate the drive toward decarbonization, delegates heard on Friday November 11 at the United Nations’ COP27 climate change conference in Egypt
The acceptance of green steel so far has been limited by competitive market forces, but it is likely to remain a fundamental focus in the industry, according to market participants
Demand for low-carbon aluminium, steel and copper is expected to grow by 2030, consultancy firm McKinsey said in a report published on Friday, October 28
ResponsibleSteel chief executive officer Annie Heaton wrapped up a day-long Forum III conference and marveled at how far the steel industry has come in a five-year span
Trade body European Aluminium and the European steel association, Eurofer, have teamed up with other sectors facing a proposed carbon levy on imports, to call for a gradual implementation of the new regulations supporting the EU’s transition to climate neutrality by 2030
Steel producers Tata Steel Netherlands, Salzgitter Flachstahl and Thyssenkrupp Steel Europe will supply carmaker Ford’s Europe division with low-carbon steel for its future vehicles, the car company said on Tuesday October 25
Follow the price trends critical for making low carbon steel a reality
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