Understanding the demand for Green Steel, page-149

S’pore firm Continental Steel plans to widen use of ‘green’ steel in construction | The Straits Times



SINGAPORE - Continental Steel plans to expand the supply of low embodied carbon steel here in a move the company believes will help Singapore hit its ambitious net-zero goal by 2050.

Executive director Melvin Soh said the 6,000 tonnes of green steel bought from ArcelorMittal’s plant in Luxembourg was made entirely from scrap metal and forged by 100 per cent renewable electricity generated from solar and offshore wind.Mr Soh told The Straits Times that in Singapore, steel is used mainly in the construction, infrastructure, energy and shipbuilding sectors."

Our Simon Wandke used to be the CEO of AncelorMittal.. Shipping from Europe must cost a bomb..why not buy from Australia? MGT perhaps? Interesting that southeast asia are on the net zero bandwagon too. Great times.