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Steel industry sounds alarm over slow progress on green steel
https://www.reuters.com/business/environment/steel-industry-sounds-alarm-over-slow-progress-green-steel-2026-06-19/By Amy Lv and Lewis Jackson
June 19, 2026 5:28 AM EDT
Summary
About half of the world's planned green steel projects have already been delayed, while governments have committed just $20 billion of the $1.5 trillion needed to decarbonise the sector, according to the World Steel Association.
…
CUSTOMERS WON'T PAY A PREMIUM
Green steel - generally steel produced with a lower carbon footprint - is critical because the industry accounts for about 7% to 9% of global emissions.
…
Traders and steelmakers told Reuters during the conference that many customers remain unwilling to pay a premium for cleaner steel.
…
June 19, 2026 5:28 AM EDT
Summary
- Green steel projects delayed as funding falls short
- Clean steel output set to remain small slice of global supply
- New blast furnaces risk locking in emissions for decades
About half of the world's planned green steel projects have already been delayed, while governments have committed just $20 billion of the $1.5 trillion needed to decarbonise the sector, according to the World Steel Association.
…
CUSTOMERS WON'T PAY A PREMIUM
Green steel - generally steel produced with a lower carbon footprint - is critical because the industry accounts for about 7% to 9% of global emissions.
…
Traders and steelmakers told Reuters during the conference that many customers remain unwilling to pay a premium for cleaner steel.
…