Green Steel Report Overview

The steel industry is one of the largest emitters of CO2, and an increasing number of countries have announced long‐term goals to achieve net‐zero greenhouse gas emissions in the coming decades. US and UK are the leading countries with highest number of companies that have set goals to reduce GHG across their supply chain and there is a variety of technologies being explored with potential to reduce the overall emissions of the steel making process.

Major partnerships are being formed within value chain to secure inputs of green steel, however The US Green Steel market is likely to face a demand squeeze, as additional planned capacity only currently only meets half of the forecasted US demand.

There will be large investments to transition to and/or build new Green Steel capacity meaning that buyers will have to expect a premium embedded in production costs to procure steel from green sources.