[SMM Steel] Green steel demand signals seen accelerating low-carbon steel investments globally

Published: May 19, 2026 16:21

Save

[SMM Steel] Industry discussions highlighted that collective green steel demand is becoming a key driver for low-carbon investment in the global steel sector. According to RMI, global steel industry emissions were around 3.13 GtCO2 in 2020 & could reach 4.25 GtCO2 by 2050 without wider adoption of low-carbon technologies. The report noted that Asia-Pacific green steel demand excluding China & India could exceed 6mt by 2030, mainly from the automotive sector. In India alone, visible low-carbon steel demand could reach 25-27mt by 2030, supported by infrastructure investment and Scope 3 decarbonization targets. Market participants said green demand aggregation initiatives and government procurement policies are expected to improve investment visibility for low-emission steel projects.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

23 mins ago

MMi Daily Iron Ore Report (May 19)

Today iron ore futures trended weaker the most-traded contract I2609 closed at 798.5 yuan/mt, down 0.87% from the previous trading session. Port spot prices changed 0-3 yuan from the previous day. Traders showed moderate enthusiasm in offering quotes; steel mills had strong wait-and-see sentiment with few inquiries; overall spot market transactions were sluggish.

23 mins ago

39 mins ago

5.19 SMM Global Steel Daily Report

Indonesia's HRC exports to Southeast Asia remain active, mainly driven by its price competitiveness, with export FOB offers edging down to 565 USD/tonne. According to SMM research, recent transactions of Indonesian HRC to the Vietnamese market have been concluded at around 585 USD/tonne CFR.

39 mins ago

50 mins ago

[SMM Hot-Rolled Coil Daily Trading] Spot Trading Volume Increased Toward the End of the Session

[SMM Hot-Rolled Coil Daily Trading] On May 19, the combined daily trading volume of hot-rolled coil from SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, and Ningbo) totaled 13,600 mt, up 530 mt DoD (+4.1%), up 36.96% YoY (solar calendar basis), and up 14.09% YoY (lunar calendar basis).

50 mins ago