Low emissions steel standards needed to market green steel: ArcelorMittal

摘要

London—Certification standards for low emissions steel may drive adoption and market differentiation, as renewable power capacity expansions boost steel demand, according to the head of sustainable development at ArcelorMittal. Demand for certified steel may be seen from major steel buyers working with ESG and Scope 3 emissions targets, and the steel industry is progressing new standards to promote these values, ArcelorMittal's Alan Knight said on Jan. 20. At the same time, costs to produce low carbon emissions steel via direct reduction of iron ore or other routes may need billions in investments and drive up costs, leading to debates on steel prices and demand.