The European market for environmentally friendly steel remains subdued
The situation in the spot market of "green" steel across Europe remains calm amid the difficult economic situation, and sources expect demand to grow in the long term, driven by regulations, Fastmarkets reported on Thursday on May 8.
Sheet metal
Customer interest in decarbonized steel remained low throughout Europe.
"The percentages[for green steel]from the distribution chain don't really exist. End users should push customers to include environmentally friendly steel in their agenda," a steel company source in Europe told Fastmarkets.
The Fastmarkets methodology defines European eco-friendly steel as "steel produced with emissions of levels 1, 2 and 3 with a maximum level of 0.8 tons of CO2 per ton of steel."
During the evaluation week, leading European suppliers maintained margins on such steel at 200-300 euros ($227-340) per ton.
Buyer sources estimated the achievable premiums for "crude" steel with such a level of atmospheric emissions at 120-180 euros per ton, arguing that with large production volumes, factories sought to provide discounts to stimulate customer interest.
As a result, the weekly Fastmarkets assessment by Yulia Bolotov
fastmarkets.com