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US green steel market faces uncertainty amid policy shifts

23 Jan 2025 15:13 reported by Ranny Fang

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The US green steel market is losing confidence in federal support for a low-carbon future as recent policy changes signal a retreat from sustainability initiatives. Market sources reported no price premium for low-carbon steel, and new executive orders emphasize fossil fuel production while criticizing carbon reduction measures. 

President Trump's recent actions, including freezing funds for the Green New Deal, indicate reduced incentives for green steel production. 

Industry observers expect federal demand for low-carbon materials to diminish, with stricter standards likely emerging at the state level, particularly in progressive regions like California. A market participant anticipated a significant slowdown in green steel efforts over the next four years.

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