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.
German steel makers want binding commitments from the government regarding financial support for the industry’s shift towards a more climate-friendly manufacturing, German magazine Der Spiegel reported.
US Steel has set a goal to achieve net-zero carbon emissions by 2050, the company said.
The Ministry of Environmental Protection and Natural Resources of Ukraine is concluding consultations on the draft of the Second Nationally Determined Contribution (NDC2) to the Paris Agreement. The Government may approve it in early summer, assumes Environmental Protection Minister Roman Abramovsky.
PJSC ArcelorMittal Kryvyi Rih (AMKR) intends to achieve carbon neutrality – that is to comply with Green Deal standards, by 2050. This was stated by the company’s Chief Executive Officer Mauro Longobardo.
