From first-mover risk to late-mover risk in the steel transition

The project will analyze how to deploy the first wave of near-zero emission primary steel plants, leading to the point where industry perceptions shift to considering late mover risk in the transition more dangerous than first-mover risk. We will identify unilateral policy approaches that avoid putting clean primary steel producers at a disadvantage in international trade, and plurilateral approaches that could give them an advantage. We will also investigate how policies influence international trade in scrap steel, and identify how countries can avoid making the increased use of secondary steel more difficult for each other.