European Parliament Podcast: Special review of "Green Steel"
Thrifty steel buyers will not overpay for environmentally friendly, low-emission steel at a time when many industries are still in decline, according to the latest podcast from MEPs.
In the new edition of the program "Review of environmentally friendly steel". The podcast of Steel examines the feedback from stockbrokers and buyers from around the world, who were asked to determine their participation in the low-emission steel market in a recent survey conducted by the steel market insight analytical agency
Head of Price Analysis and Forecasts, Kaye Ayoub, and market analyst John Carruthers-Green joined Editor-in-Chief Tom Sharp to participate in the debate.
Sharing some of the findings of the Green Steel study conducted by MEPs, Carruthers-Green said: "There were a lot of people who were almost on the verge of ‘hype' around the green steel. They wondered if there really was such a demand."
He added, "A lot of people in the industry really want to decarbonize, but they don't know exactly how to do it. They don't know exactly how to bring these premiums to their customers. And until it all starts to come together, which I expect we'll see in the next year or two,[green steel]will continue to be a niche product."
Among the issues raised in this episode, MEPs Talking about the podcast "Steel:
- What proportion of steel buyers are currently purchasing environmentally friendly steel?
- Are metallurgists ready to rely on more expensive, low-emission steel at a time of low demand and low profit margins?
- Will CBAM be a watershed moment that will push for wider adoption of environmentally friendly steel in EU industries?
- How do the requirements of decarbonization, and the conditions necessary to produce steel sustainably, reshape the steel industry?
Watch the Green Steel Research special series Speaking Steel, through his podcast Speaking Supplier, by clicking on one of the links below:
YouTube
Spotify(at 0:14)
Apple podcasts