decarbonization

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Turkiye’s Ozmert Algeria completes construction of DRI plant in Algeria

In November 2023, the company plans to put the facilities into operation and start test production

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EC approves €2.85 billion green subsidies for Thyssenkrupp and ArcelorMittal

Environmental subsidies will support the decarbonization of steel production processes

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The EU will invest €3.6 billion of ETS revenues in clean technology projects

In total, it is about 41 large-scale projects in 15 countries

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ArcelorMittal to finance decarbonization projects in India

Investments will come from the XCarb Innovation Fund

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The ITC has launched an investigation into the intensity of emissions in the US steel industry

The investigation is being conducted at the request of US Trade Representative Catherine Tai

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European investment in the EAF continues to grow

Demand for scrap is expected to increase under such conditions

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UK ETS reform needs further development – UK Steel

Without strategic support from the government, steel industry will not be able to achieve its decarbonization goals

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World steel industry needs global standards for green steel – SDI

The lack of common standards reduces the benefits for manufacturers of such products

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The EU approved state aid to Belgium in the amount of €280 million for the ArcelorMittal project

The funds are intended for the partial decarbonization of steel production in Ghent

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BHP will spend $4 billion to reduce emissions by 2030

The company plans to reduce operational emissions by at least 30% by 2030

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Global steel industry could reach zero emissions by 2040s – study

This can be achieved with investment in technology and action by governments

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ArcelorMittal has turned to the Spanish government for financing decarbonization projects

This is a €450 million grant for the decarbonization of the Gijon plant

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