The Iron & Steel Outlook 2026
The furnace already works. What is missing is the final investment decision, because the green premium has no buyer to underwrite it.
Open the document (PDF)Our 2026 Sustainable Iron & Steel Outlook
For a carmaker, an appliance maker or a builder, steel sits in Scope 3, which dominate most corporate footprints and are the hardest to cut. From January 2026 those emissions also carry a price at the EU border under CBAM. The pressure to act is real and rising.
Green steel is not a technology problem. The furnace already works, and the plants that can make near-zero carbon steel are proven. What is missing is the final investment decision, because the green premium has no buyer to underwrite it. This report looks at what 2026+ brings, and how C3 can help close that gap equitably.
Demand & finance has to lead. No producer has yet scored even half marks on transition readiness. The strategic question is no longer whether to decarbonise; it is who captures the value as the sector cleans up, and who is left paying the carbon bill.
Authors: Ilja Nevolin, Paul Cruickshank, Chris Chatterton
Originally published on LinkedIn, 2 June 2026.
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