Market Data
June 24, 2022
CRU: Green Transition Will Disrupt Steel Trade Flows
Written by Paul Butterworth
By CRU Research Managers Sarah Macnaughton and Paul Butterworth, and contribution from CRU Sustainability Analysts Zsombor Garzo
International trade is an essential part of the global steel industry, with over 20% of steel production traded today. However, as the world moves towards decarbonization, CRU finds that established trade flows are at risk. The green transition will lead to a fundamental restructuring of the industry’s cost curve, shifting traditional regional cost competitiveness. A low-cost position today is no guarantee of future cost competitiveness.
