Manufacturing of iron and steel is eligible if the GHG emissions (calculated according to the methodology used for EU-ETS benchmarks) associated to the production processes are lower than the values of the related EU-ETS benchmarks.
As of February 2020, the EU-ETS benchmarks values for iron and steel manufacturing are:
• Hot metal = 1.328 tCO2e/t product • Sintered ore = 0.171 tCO2e/t product • Iron casting = 0.325 tCO2e/t product • Electric Arc Furnace (EAF) high alloy steel = 0.352 tCO2e/t product • Electric Arc Furnace (EAF) carbon steel = 0.283 tCO2e/t product • Coke (excluding lignite coke) = 0.286 tCO2e/t product
All green new steel production, or combination of new and recycled steel production, is eligible if the emissions fall below the thresholds above. Additionally, all production of steel in EAF where at least 90% of the iron content in the final products is sourced from scrap steel is considered eligible. In this case, no other thresholds are applicable.