2026 will mark the start of a new era of carbon pricing in the steel industry. Free emission allowances for European steel mills will be phased out. At the same time, CBAM introduces an equivalent carbon price for imported steel. Together, these two instruments narrow cost gaps, but they may not be sufficient for the transition to green steel.
Blastr Green Steel AS, a leading developer of ultra-low C02 steel products, and Cargill, a leading player along the global ferrous supply chain, have signed a strategic framework agreement reflecting a strong joint commitment to realize the Blastr Green Steel Project to radically decarbonise steel production.
H2 Green Steel and Anglo American have signed an MoU to work together on low carbon steelmaking value chains. Anglo American set out an ambition in 2021 to reduce its Scope 3 emissions by 50 per cent by 2040.
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