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ORGANIZER;CN=ESTAD 2023:mailto:info@metec-estad.com
LOCATION:Room 1
SUMMARY:Capturing the premium from green steel - off-setting the cost
DESCRIPTION:Steel industry is under pressure as climate targets aim for net-zero GHG emissions by 2045 in EU. Doing so requires increasing annual investment into new technology and assets.
Demand for low-CO2—or “green”—products is ramping up as end customers, manufacturers, and governments push for increased sustainability and circularity. Primary materials processing makes up the majority of GHG emissions for many industrial products, which has led to increased attention on decarbonizing core contributing commodities and will strengthen the need for recycling materials. In turn, time-bound green premiums are emerging for certain steel applications. 
This paper lays out the observed and potential supply–demand balances across four core commodities: Understanding where the extra cost for green steel can be captured will influence  industry transition path and needed innovation. 
We assessed premiums for low-CO₂ materials premiums by modelling the expected demand, supply of green steel by technology, and green premiums required.

McKinsey steel team – authors and presentation tbd BZ or Agnes

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