ArcelorMittal halts German green steel plans amid rising costs, unions warn of risks
TL;DR
ArcelorMittal has abandoned plans to convert German steel plants to green hydrogen use due to high energy costs and uncertainty, and may also close its biofuels plant in Belgium because of restrictive EU regulations, highlighting challenges in Europe's decarbonisation efforts and industrial competitiveness.
Topics:businessindustry#arcelormittal#decarbonisation#eu-subsidies#germany#green-production#industry
- ArcelorMittal ditches plan to convert German factories to green production Financial Times
- ArcelorMittal drops plans for green steel in Germany due to high energy costs Reuters
- ArcelorMittal's cancellation of green conversion puts steelworks at risk, unions warn Clean Energy Wire
- Thyssenkrupp sticks with green steel plant, but calls for 'adjusted' conditions Yahoo
- ArcelorMittal : Europe urges faster implementation of Steel and Metals Action Plan MarketScreener
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