green steel

The World Trade Organization will examine the European Union's carbon border adjustment mechanism following a formal challenge by Russia. Moscow argues the tariff on carbon-intensive imports, including steel and fertiliser, discriminates against non-EU exporters. The dispute adds to wider criticism of the mechanism from trading partners who see it as protectionist green policy, while the EU defends it as essential to meeting climate goals.

Green steel production faces a geography problem: low-emission steel is made where renewable energy is cheap, while buyers are often elsewhere. A book-and-claim system, similar to mechanisms used for green hydrogen and renewable power certificates, would let companies purchase the environmental attributes of clean steel produced in one region to support decarbonisation goals even if their physical supply comes from another.

Indian investors are tracking the grey market premium of the SRIT India IPO as its three-day subscription window ends. Business coverage is comparing SRIT India's GMP with that of Shah Investor's Home IPO and other ongoing issues, including AceVector, German Green Steel, Runwal Enterprises and Orient Cables, to gauge which offers the strongest potential listing gains. Subscription status updates are being published daily as bidding wraps up.

Stegra, the Swedish green steel company formerly known as H2 Green Steel, is being discussed in Sweden. The company is building a large fossil-free steel plant in Boden, using hydrogen instead of coal, and is one of the country's most prominent industrial transition projects. No specific new event about the company is confirmed, so the exact trigger for the discussion is unclear.

Stegra, the Swedish green steel startup building a low-emissions steel plant, has appointed a new chief executive. Alongside the leadership change, the company confirmed it still needs to raise additional capital to complete its plans, underlining the heavy financing demands facing Europe's green industrial projects.