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decarbonization - Latest news GMK Center

Photo – SSAB has secured an additional €430 million for its green transformation in Luleå
SSAB has secured an additional €430 million for its green transformation in Luleå

The company has thus completed the full financing package for its project

Photo – German LEAG suspends energy project using green hydrogen
German LEAG suspends energy project using green hydrogen

Construction of H2UB Boxberg postponed due to political and economic conditions

Photo – Ukraine has the potential to become part of Europe’s green course – Ferrexpo
Ukraine has the potential to become part of Europe’s green course – Ferrexpo

The company is ready to offer European steelmakers high-purity pellets for the production of green steel

Photo – Tenaris has begun construction of its second wind farm in Argentina
Tenaris has begun construction of its second wind farm in Argentina

La Rinconada will meet the needs of the Siderca plant and reduce CO2 emissions by 100,000 tons per year

Photo – European countries increased steel decarbonization subsidies to €15.1 bln
European countries increased steel decarbonization subsidies to €15.1 bln

Despite funding approvals, construction has only begun on 8 out of 23 projects

Photo – Marcegaglia will supply its plant in Fos-sur-Mer with nuclear energy from EDF for 10 years
Marcegaglia will supply its plant in Fos-sur-Mer with nuclear energy from EDF for 10 years

The contract provides for the supply of stable and carbon-free energy at a competitive price

Photo – Electricity price determines competitiveness of green steelmaking
Electricity price determines competitiveness of green steelmaking

Higher power demand of low-carbon technologies makes steelmakers increasingly vulnerable to electricity price volatility

Photo – JSW Steel to allocate $2 billion for decarbonization
JSW Steel to allocate $2 billion for decarbonization

One of the largest steel producers in India plans to reduce CO2 emissions by 42% by 2030

Photo – The share of EAF in global steel production in 2024 increased to 29.1%
The share of EAF in global steel production in 2024 increased to 29.1%

Blast furnace steelmaking accounted for 70.4% of the total volume

Photo – ResponsibleSteel and LESS advocate for a balanced decarbonization policy
ResponsibleSteel and LESS advocate for a balanced decarbonization policy

Organizations call on European politicians to consider limited availability of scrap

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