Europe's green steel market is at a turning point. Premiums for low-carbon steel have risen sharply, reaching up to two hundred euros per metric ton for project-linked buyers, while spot buyers pay far less. Stegra's one-point-four billion euro funding for its Boden mill marks the first new European steel plant in fifty years. Analysts expect green steel premiums to fade as carbon costs rise for conventional producers, making low-emission steel the future cost leader.