Major report from industry group argues that steel buyers can play catalysing role in accelerating growth of green steel market. Automotive, energy, construction, and white goods companies can reap a number of commercial benefits if they team up to become the first large scale purchasers of low-carbon steel. That is the central conclusion of a report published yesterday by the Energy Transitions Commission, which argues that steel buyers from various sectors of the economy have a major opportunity to accelerate the decarbonisation of the emissions-intensive steel industry by sending demand signals that can drive the development of a net zero emission primary steel market. The report, titled Steeling demand: Mobilising buyers to bring net-zero steel to market before 2030, argues direct offtake agreements and future purchase commitments from steel buyers could unlock critical investments in low-carbon steel production assets, while at the same time driving progress towards their own corporate net zero goals.
Business Green 2nd July 2021 read more »
Energy Transitions Commission (accessed) 2nd July 2021 read more »