Consumers have to accept a green premium in order to achieve net-zero emissions targets in the steel sector, Steel Dynamics Inc (SDI) president and chief executive officer Mark Millett said during a keynote address on Monday June 21 at Fastmarkets' 2021 Steel Success Strategies Industry Briefing.
"Otherwise it won't work," Millett said, adding that "net zero remains aspirational for now," and that SDI's new flat-roll mill in Sinton, Texas, "will become a net-zero facility," without specifying a time-frame.The hot strip mill in Sinton, which is expected to be commissioned in September this year, will "start later this year," Millett told the conference attendees.Net zero to drive up integrated fixed costsThe...