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Tokoyo Steel has announced the introduction of enso®, a new green steel brand it developed in collaboration with UK-based steel trading company Stemcor Group.
Initially, the brand will include hot rolled coil and hot rolled plate, with plans to expand the portfolio to downstream products in the future. The company has produced the enso® at its electric arc furnaces using steel scrap, which has lower carbon characteristics compared to traditional methods. In order to expand the brand, Tokyo Steel also plans to produce a steel product with ultra-low carbon emissions by using 100% renewable energy, which is scheduled to be available in late 2024.
With the new green steel brand, Tokyo Steel will be able to contribute to the circular economy and meet the requirements within the EU's Carbon Border Adjustment Mechanism. The Japanese steelmaker has been supplying HRC and HRP products to the EU market on a stable monthly basis for some time, fulfilling the growing demand for low-embodied carbon steel from its customers in the construction, manufacturing, and renewable energy generation industries.
Also Read : Tata Steel Plans 10–15 Million Tonnes of Eco-Friendly Steel Production by 2040 CEAT enters two-wheeler steel radial tyre market to strengthen leadership
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