Europe’s largest steelmaker ArcelorMittal and the Spanish government have signed an initial deal to contribute a total of €1bn ($1.18bn) towards investment in green steel projects in northern Spain, including a direct reduced iron (DRI) unit and hybrid electric arc furnace (EAF) in Gijon.
Court-ordered shutdown of Taranto steelworks quashed
Green steel initiative Hybrit, a joint venture between Sweden’s SSAB, LKAB and Vattenfall, has produced the world’s first hydrogen-reduced sponge iron at a pilot scale in what the companies describe as a “decisive step on the road to fossil-free steel”.
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%.
