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.
Ukrainian steelmaker Metinvest is considering to build a 2.50 million-tonne-per-year flat steel rolling plant in Trieste, in the north of Italy, Italian equipment producer Danieli told Fastmarkets.
Steel, cement and fertilisers should be among the first sectors covered by the upcoming carbon border levy aimed at safeguarding European businesses from cheaper CO2 intensive imports, according to Poland.
