Japanese and Korean steelmakers have been achieving sales premiums as high as US$300/t for low-carbon steel. Crosscommodity price reporting agency Fastmarkets recently created a new Asian green steel premium index in response.
The South Australian Government is fostering development of Green Hydrogen (created by electrolysis using renewable wind and solar energy) to position the state at the centre of domestic solutions to decarbonise the global steel sector.
To this end, the South Australian and Commonwealth governments ratified $100 million in combined funding arrangements in late September to support the establishment of a Green Hydrogen export hub at Port Bonython.
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