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decarbonization - Latest news GMK Center

Photo – Tata Steel Nederland will supply green steel to four companies
Tata Steel Nederland will supply green steel to four companies

Deliveries of Zeremis Carbon Lite steel will begin this year

Photo – Decarbonisation of EU industry needs support from governments
Decarbonisation of EU industry needs support from governments

In February 2023, the European Commission presented the Green Deal industrial plan

Photo – The European Commission approved state support of ArcelorMittal from Germany and Spain for €515 million
The European Commission approved state support of ArcelorMittal from Germany and Spain for €515 million

The funds will go to support the company's projects on decarbonization of steel production

Photo – World scrap consumption in 2022 decreased by 7% y/y
World scrap consumption in 2022 decreased by 7% y/y

During the year, the use of scrap metal as a raw material for steel production was 32%

Photo – German steel industry needs state support for a green transition
German steel industry needs state support for a green transition

The first agreements on climate measures with steel companies will be concluded in the coming months

Photo – The EU agreed on temporary targeted support for the green industry
The EU agreed on temporary targeted support for the green industry

The most controversial issue at the moment is the approach to financing

Photo – German steelmakers are worried about a possible future scrap shortage
German steelmakers are worried about a possible future scrap shortage

A shortage of scrap could hamper the steel industry's ambitions for decarbonisation

Photo – European CBAM will accelerate decarbonization in China
European CBAM will accelerate decarbonization in China

China's national ETS currently only covers the energy sector

Photo – Salzgitter and Canada’s Baffinland will cooperate in the production of green steel
Salzgitter and Canada’s Baffinland will cooperate in the production of green steel

The Salzgitter Group aims to achieve practically zero carbon emissions by 2033

Photo – India to increase the share of scrap in steel production to 50% by 2047
India to increase the share of scrap in steel production to 50% by 2047

Gradually, the country will increase the import of scrap metal, becoming the world's largest importer of such raw materials

Photo – US steel producers do not express concern about CBAM
US steel producers do not express concern about CBAM

At the same time, analysts believe that decarbonization efforts should be global

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