The European green steel market remained calm during the week until Thursday, October 30th. Buyers have agreed on purchases for next year, and volumes remain stable, Fastmarkets reported.
"Green" apartments
Trade in the European clean steel market remained subdued, and stakeholders reportedly focused on addressing broader issues, including the Carbon Dioxide Emissions Control Mechanism (CBAM) and new trade measures.
Several major buyers who spoke with Fastmarkes confirmed that they are negotiating with European plants for the purchase of rolled products for 2026 with the intention of maintaining purchase volumes at the level of 2025.
"We will not increase the sales volume of[green steel tonnages], the market is unlikely to grow much next year," the steel production service center told Fastmarkets.
Another buyer told Fastmarkets that they plan to purchase 10,000-15,000 tons of raw steel in 2026, which corresponds to the volumes of 2025.
According to the Fastmarkets methodology, European rolled products of "green" quality are defined as materials produced with limited greenhouse gas (GHG) emissions in categories 1, 2 and 3 at a level of no more than 0.8 tons of co₂ per ton of steel produced.
The sources agreed that prices varied greatly, as the deals were mostly based on projects.
"No one buys[green steel]in a row, it's just a project business," said a buyer from Northern Europe.
European plants offered premium prices for "green" steel, starting from about 200 euros per ton, and some aspired to 210-300 euros per ton, although in practice the achievable transaction levels were lower.
Sources among buyers indicated that achievable premiums for pure flat rolled products are usually between 100 and 150 euros per ton, while high-volume transactions are usually concluded at a price of 120-150 euros per ton. Representatives of the plant, however, pointed to a slightly higher price - 150-180 euros per ton.
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Fastmarkets' weekly estimate of the cost of domestic flat rolled "green" steel, which differs from the HRC index, produced at plants in Northern Europe, was stable on Thursday and amounted to 100-170 euros per ton, unchanged since September 11.
Environmentally friendly long products
In the segment of long products, it is still more difficult for manufacturers to achieve higher prices among buyers due to the initially more environmentally friendly nature of production.
The Fastmarkets methodology defines European rolled products as steel produced with emissions of 1, 2 or 3 at a level of no more than 0.5 tons of CO2 per ton of steel.
According to several sellers, the premium class offers for green longs received during the
