ArcelorMittal

The company took this step amid of reduced inventory levels in the supply chain in the market

The funds will be used to expand the product portfolio and modernize the heat treatment shop

Up to 70% of total funds (€7.0 bln) released by Germany

The company explains this step by increasing maintenance costs for the unit and lower demand for its products

The company told European customers that products made using DRI would be subject to an additional markup

The public-private project involves the construction of a pilot hydrogen plant at the company's plant in Gijon

Thus, the company will expand its presence in the pipe business

The project has entered the final phase of construction since the beginning of the current year

EC considers the aid necessary and expedient to promote the production of environmentally friendly steel

The results of the steel plant in Bosnia were affected by a drop in demand for steel, higher electricity prices and lower steel prices

The head of the European division believes that low-carbon steel could be produced from imported DRI

Investments in the construction of the unit amount to €52 million