11,165.85 TRY BIST 100 BIST 100
48.91 EUR EUR EUR
41.29 USD USD USD
5.85 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
39.71 TRY Interest Interest
67.71 USD Fossil Oil Fossil Oil
54.94 USD Silver Silver
4.60 USD Copper Copper
106.06 USD Iron Ore Iron Ore
340.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,860.44 TRY Gold (gr) Gold (gr)

German government commits to decarbonization support for ArcelorMittal

The German government has pledged €2.5 billion ($2.73 billion) in financing to decarbonize steel production at ArcelorMittal's Bremen and Eisenhüttenstadt plants, as soon as funding approval is granted by Brussels.

German government commits to decarbonization support for ArcelorMittal

The Federal Ministry for Economic Affairs and Climate Protection intends to support ArcelorMittal's DRIBE project for the transition to production using green hydrogen-based direct reduced iron feedstock, initially produced in Bremen. ArcelorMittal has applied to the Brussels authorities for financial support in 2021.

Reiner Blaschek, Chief Executive Officer of ArcelorMittal Germany, said in a statement that ArcelorMittal is ready to move forward on the decarbonization path.

"At our sites in Bremen and Eisenhüttenstadt, we are taking concrete steps to prepare for the construction of plants as far as possible before the EU funding commitment. This will help us to realize the change in the way of production, which requires a complete change of technology. As soon as all approvals are in place and conditions are favorable, we can prepare the next phase and start implementation quickly," he added.

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

Most read news

The U.S. has changed its anti-dumping decision on steel imports from Italy

Thursday, September 18, 2025

Czechia has called for urgent measures in the steel sector

Thursday, September 18, 2025

Some of Salzgitter’s steel products have received LESS certification

Thursday, September 18, 2025

Latest situation in the Asian HRC market: Weak demand, strong exports

Thursday, September 18, 2025

The Turkish rebar market continues to move sideways

Thursday, September 18, 2025
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