Green steel needs an industry-wide definition to identify what can be considered as low-carbon steel, chairman of the executive board of Thyssenkrupp Steel Europe, Bernhard Osburg, said.
ArcelorMittal plans to increase its use of hydrogen-based Direct reduced iron (DRI) plants and explore “circular carbon” methods to decarbonise the steel production process.
Mercedes-Benz AG is the first car manufacturer to take an equity stake in Swedish start-up H2 Green Steel (H2GS) as a way to introduce CO2 free steel into series production
After a business trip to Pittsburg, Slovak Finance Minister and former PM, Igor Matovič, unveiled a €1.5 billion plan to decarbonise Slovakia’s U.S. Steel Košice steel mill, which aims to reduce the steelwork’s emissions by 80%.
Reducing carbon emissions from steelmaking will likely see high initial costs and steel trade risks as first-mover producers saddled with high conversion costs compete with incumbents, according to industry group World Steel Association
Duferco Travi e Profilati, the Italian long steel producer of the Duferco group, has received a loan of €72 million ($86.5 million) from two banks to build a new sustainable steel plant in Brescia, Italy.