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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
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.
Policymakers in Europe need to follow a “steel action plan” to a avert a crisis in steelmaking, the European steel industry association Eurofer said this week
Steelmakers that lag behind in decarbonization will be first to be phased out after green steel capacity rises to meet future demand, a senior advisor from a major Chinese steel company told delegates at the China Steel Industry Summit for 2025.
Steel market participants in both the North and Latin American markets are keeping tabs on the impact of trade relations with China in the aftermath of Donald Trump’s victory in the 2024 US presidential elections.
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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