With Italian steelmaker AFV Beltrame Group's recently announced investment in a new green steel plant in Romania, chief executive Carlo Beltrame is looking to futureproof the company ahead of the upcoming green steel revolution. In discussion with Fastmarkets' Carrie Bone, he outlined the changes and challenges anticipated for decarbonizing the steel industry.
"Why green? Because when we started on the project we came up with the need to try to understand the best available technology at the time. This kind of investment is pretty expensive...We tried to foresee 20 years ahead," Beltrame said.The market dynamics in Romania mean that it imports most of its steel rebar and wire rod, while being a net exporter of scrap. This means there is...