Automotive

The EU proposes more flexible CO2 targets for 2035, allowing continued production of ICE and hybrid vehicles. Up to 10% of emissions can be offset using low-carbon steel, potentially creating ~1 million tonnes of annual green steel demand.

The EU requires state-aided electric vehicle manufacturers to source 70% of vehicle parts from within the EU. Public procurement in buildings, infrastructure, and transport projects must include at least 25% low-carbon steel.