metallurgy industry

Metallurgy under pressure: Green hydrogen, not scrap prices, will determine competitiveness by 2030

The global steel and metallurgy industries have long viewed scrap availability and commodity pricing as the primary indicators of competitiveness. But the next decade marks a structural pivot. For metallurgy in Serbia, the decisive factors will no longer be scrap quality or input metal costs—they will be electricity pricing, green hydrogen access and carbon compliance mechanisms linked to EU markets. Serbia’s metallurgical sector enters this era facing both opportunities and constraints. The reliance on traditional blast-furnace technology in Smederevo ties…