Green steel premiums in Europe remained stable in early July, with major suppliers maintaining offers in the €200–300 per tonne range for flat steel produced with emissions below 0.8 tonnes of CO₂ per tonne. However, actual tradeable values were lower, with discounts of €20–30 offered in some cases and large-volume deals reportedly closing at €120–130 per tonne.
Demand continues to be limited and sporadic, as buyers remain cautious in the face of high production costs and unclear regulatory signals. Some mills noted that passing green steel costs to end users is difficult in the current economic climate. A few deals were reported for steel with reduced emissions (1.4–1.8 tonnes CO₂ per tonne), with premiums around €40–70, though buyers estimated tradeable values closer to €20–60.
Market participants are closely watching the rollout of the Carbon Border Adjustment Mechanism (CBAM), which may influence demand patterns starting in 2026. The European Commission has launched a public consultation to refine CBAM rules, with legislative proposals expected later in 2025.
