Scholz stated that steel production in Germany is of critical importance for the industry and that the transformation process of the sector will be accelerated with state support. Stating that the federal government is supporting this process with investments, Scholz emphasized that the process should be continued with determination, adding, “If we stop this transformation, we risk the future of steel workers in Germany.” “In the future, steel buyers will demand sustainable production, so green steel is inevitable,”
Dennis Grimm, CEO of Thyssenkrupp Steel, stressed that “Green steel is the business model of the future” and that the industry needs competitive energy costs, effective trade protection and incentives for the use of climate-friendly raw materials. He emphasized that the slow development of hydrogen infrastructure, especially in Europe, and the lack of affordable hydrogen are major obstacles.
Thyssenkrupp management indicated that after the elections, the government should take swift action to secure the future of the steel industry, especially the creation of an effective EU Emissions Trading System against carbon leakage, reducing energy costs and increasing incentives for green steel. Grimm stated that they will complete the first direct reduction plant at their Duisburg plant and “We are committed to our goal of carbon neutral steel production, but politicians need to take concrete steps.”
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