MEPS Podcast: is green steel’s cost a red light to buyers?

MEPS International’s latest Speaking of Steel podcast explores the supply, demand and price implications for a sector seeking an understanding of the market’s “50 shades of green steel”. 

Steel market analysts Jonathan Carruthers-Green and Stuart Gray join MEPS managing editor Tom Sharpe to explore the emergence of low-emissions steel products into global steel markets in the podcast series’ 22-minute long ‘green steel debate’ episode. 

“What comes out loud and clear from our market research is that there's a lack of understanding in that term or that phrase green steel”, Gray said during the discussion. 

Carruthers-Green suggested that the cost implications of low-emissions steel are slowing the pace of green steel’s adoption, as low demand continues to depress steel prices across the world. He said: “I think where we are at the moment is you can't say the words ‘green steel’ without adding the word ‘premium’ on afterwards. 

“Buyers are very concerned about any kind of additional cost that's going to be added because of these measures.” 

MEPS Speaking of Steel podcast can be accessed via all major podcast providers. Click on the links below to listen: 

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Apple Podcast

The Speaking of Steel green steel debate is one of three podcast episodes released by MEPS this month, following on from an exclusive interview with H2 Green Steel head of commercial Stephan Flapper. In the interview, Flapper gives an update on the development of the company’s EUR6.5 billion green steel facility in Sweden, discusses the challenge of establishing a low-emissions supply chain and reveals why certain industrial sectors are driving green steel adoption. 

Also released from the podcast series this month was a ‘Market in Minutes’ summary of recent developments in the Chinese steel market, where steel prices declined sharply during August. Steel market analyst Ewan Gilfillan shares some of the findings from MEPS market research from the period.  

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