Green steel premiums in Europe have softened in recent deals, reflecting limited buyer appetite amid broader market challenges. While mills continue to offer premiums of €200–300 per tonne for low-emission flat steel, actual transaction levels have dropped to €100–180 per tonne, with some large-volume deals closing at the lower end of that range.
Buyers report that many inquiries are for small test batches, where mills stick to higher offers. However, for substantial orders, suppliers are increasingly flexible. Automotive and white goods sectors remain the primary sources of demand, while construction and general industry show little interest.
The muted demand is attributed to wider concerns such as import competition, weak consumption, and high production costs. One trader noted that “we have other problems than green steel now,” referencing geopolitical and economic pressures.
Fastmarkets assessed the green steel premium over standard HRC in Northern Europe at €130–180 per tonne as of July 3, down €20 from the previous week.
