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    Analysis

    May 10, 2022

    H2 Green Steel Says 1.5Mt Already Committed in Offtake Agreements

    Written by David Schollaert

    Swedish steelmaking start-up H2 Green Steel (H2GS) has pre-sold more than 1.5 million tons of hydrogen-based steel in offtake supply agreements, the company confirmed.

    The agreed volumes are for 2025 production onwards and cover more than 60% of the company’s initially estimated annual production of 2.5 million tons. The multi-year supply contracts range between five and seven years within various industries, H2GS said.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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