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Read our latest steel market analysis, including developments in Scope 1, 2 and 3 emissions, green steel premiums, market forecasts and more
Japan’s government has announced plans to make carbon trading, a system of carbon dioxide (CO2) emissions quotas, mandatory for high-emission firms from the 2026 fiscal year, which could have far-reaching consequences for Asian steelmakers, sources told Fastmarkets in the week to Friday November 29.
With the race to decarbonize the steel sector gathering pace around the world, Fastmarkets reached out to subject experts in Europe, to discuss the major challenges and opportunities that lie ahead in the new, green steel landscape.
Chinese steelmakers exporting low-carbon emission steel products will be among key users of green ferro-alloys, mainly because of the carbon emissions reduction requirements of the end users in their export destinations, sources told Fastmarkets.
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