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EU Scraps Green Steel Label Plan
4 Mar
Summary
- EU abandons emissions label for steel in new law.
- Low-carbon steelmakers express disappointment over change.
- New law to support low-carbon steel demand via sustainability standards.
The European Union has removed a proposed emissions label for steel from its forthcoming "made in Europe" law, a change that impacts efforts to promote green steel. This decision, detailed in a draft of the Industrial Accelerator Act, comes despite earlier versions including a voluntary label and calculation methodology.
Internal European Commission departments reportedly cited concerns over increased bureaucracy for companies. The revised proposal suggests supporting low-carbon steel demand through a separate EU law focused on product sustainability standards, though a publication date for this is not specified.
Despite the scrapped label, the Industrial Accelerator Act will retain a requirement for public procurement of steel to be at least 25% low-carbon. Industry groups like Hydnum Steel and Eurofer have voiced concerns, arguing that the absence of a label delays vital investment and investor certainty at a critical time for green steel production.
