11,024.33 TRY BIST 100 BIST 100
4.57 CNY CNY CNY
32.97 USD USD USD
35.87 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
40.55 TRY Interest Interest
85.89 USD Fossil Oil Fossil Oil
31.06 USD Silver Silver
4.49 USD Copper Copper
107.83 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,553.39 TRY Gold (gr) Gold (gr)

ArcelorMittal takes green steel steps in Germany and Belgium

ArcelorMittal is making major investments in Germany and Belgium to make steel production more sustainable. While the transition to environmentally friendly technologies is gaining momentum in both countries, these steps aim to reduce the carbon footprint of the steel industry.

ArcelorMittal takes green steel steps in Germany and Belgium

ArcelorMittal will receive €1.3 billion in state support for the transition to climate neutrality at its Bremen and Eisenhüttenstadt steel mills in Germany. German Economy Minister Robert Habeck emphasised that the support for this project is critical for the decarbonisation of energy-intensive industries.

ArcelorMittal plans to replace blast furnaces in Bremen and Eisenhüttenstadt with electric arc furnaces and direct reduction units by 2030. This conversion aims to reduce annual carbon emissions by 5.8 million tonnes and to produce 3.8 million tonnes of CO2-reduced steel. The company is cooperating with potential hydrogen suppliers and environmental organisations.

In Belgium, ArcelorMittal is taking a leading role in sustainability and circularity. The company plans to reduce CO2 emissions by 35% by 2030 and become climate neutral by 2050. Efforts in Belgium focus on energy efficiency, carbon circularisation and electrification.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

POSCO increases prices for Japanese steel scrap imports

Saturday, July 13, 2024

Russian steel production decreased by 4% in June

Thursday, July 11, 2024

Cargo handled at Turkish ports increased

Friday, July 12, 2024

AISI reports decline in steel imports for June 2024

Friday, July 12, 2024

Chinese scrap market follows a volatile trend

Friday, July 12, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now