Sources reported offers for green steel with Scope 1, 2 and upstream Scope 3 carbon emissions below 0.8 tonnes per tonne of steel at €200-350 ($223-391) per tonne from European suppliers. Those values have been unchanged since last week.
Higher offers of €300-350 per tonne were reported for material carbon-neutral for Scope 1 and 2 emissions, sources said.
Industry sources estimated achievable prices for such material at €100-150 per tonne.
“Some suppliers [of green steel] are ready to provide discounts on bookings for certain tonnages,” a buyer source said.
Latest bookings for flat steel with carbon emission content of around 0.6-0.8 tonne per tonne of steel were reported at €170-200 per tonne in end-July, early August.
“Demand [for green steel] is very limited; we get few inquiries [for green steel] from the buyers. It’s partially related to overall economy slowdown in the EU,” a mill source said, adding that they were maintaining €200 per tonne as a threshold for green steel premiums.
“Some green steel producers are more flexible price-wise, but for steel carbon dioxide content below 500kg per 1 tonne of steel [a] premium below €200 per tonne makes no sense,” a mill source added.
Fastmarkets’ weekly assessment of green steel domestic, flat-rolled, differential to HRC index, exw Northern Europe was €150-200 per tonne on Thursday, widening from €170-250 per tonne on August 22.
The corresponding green steel base price, HRC exw Northern Europe, daily inferred was €767.50 per tonne on August 29.
Published by: Julia Bolotova
