Europe Green Steel Market Growth - Growth supported by emissions targets and green infrastructure investment.

The growth of the green steel market in Europe is driven by several key factors. Regulatory pressure is at the top of the list, with policies like the EU's Emissions Trading System (ETS) and the aforementioned CBAM making carbon emissions increasingly expensive. This creates a compelling financial incentive for companies to invest in cleaner technologies. Technological advancements, particularly in hydrogen production and its application in steelmaking, are another major driver. As the cost of green hydrogen (H2) decreases, it becomes a more viable and competitive alternative to coking coal.

This blend of established giants and agile innovators is creating a dynamic and competitive landscape. The European Union's Carbon Border Adjustment Mechanism (CBAM) is a significant policy driver, designed to level the playing field by taxing carbon-intensive imports, which further incentivizes domestic producers to decarbonize. This regulatory pressure, combined with public and investor awareness, is reshaping the entire supply chain.