The South Korean Ministry of Trade, Industry and Energy has established a Committee for Green Metallurgy Development within its structure to prepare the steel industry for carbon neutrality.
The Swedish steelmaker SSAB has curtailed negotiations on the potential acquisition of the Dutch steel mill IJmuiden and related rolling capacities belonging to the transnational group Tata Steel, including due to the impossibility of switching to green metallurgy.
The China Iron and Steel Association (CISA) will soon present a series of programs to cut down CO2 emissions from the steelmaking sector as part of the country’s commitment to achieve climate neutrality by 2060.
Frans Timmermans, Deputy Chairman of the European Commission, called the introduction of the Carbon Border Adjustment Mechanism a key factor for the survival of European industry.
