9,722.09 TRY BIST 100 BIST 100
4.51 CNY CNY CNY
34.77 EUR EUR EUR
32.53 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
45.35 TRY Interest Interest
88.17 USD Fossil Oil Fossil Oil
27.17 USD Silver Silver
4.47 USD Copper Copper
119.20 USD Iron Ore Iron Ore
386.00 USD Ship Dismantling Ship Dismantling
2,426.12 TRY Gold (gr) Gold (gr)

UK lagged behind in 'green steel competition'

According to a newly published report, the UK lagged behind other European countries in the 'green steel' race, with only one green steel plant planned against 38.

UK lagged behind in 'green steel competition'


According to a newly published report, the UK lagged behind other European countries in the 'green steel' race, with only one green steel plant planned against 38.

While there are 38 projects for green steel production that have been notified to the EU, as well as 10 plants currently producing green steel, it is seen that the United Kingdom has only one project planned for now.

As a result of the gas crisis, which was affecting especially the USA and the EU, the countries' development of projects to build green industries was an important step towards the future of the whole world.

However, concerns remain about the UK's ability to compete with other countries, as automakers will need to use green steel in electric vehicle production.

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

Shenfeng to build iron factory in Egypt, strengthening economic ties

Wednesday, April 24, 2024

GravitHy and EDF signed an agreement for electricity supply

Monday, April 22, 2024

Japanese companies shift focus to U.S. amid China concerns

Saturday, April 20, 2024

MMK announces first quarter results for 2024

Thursday, April 18, 2024

Switzerland's steel industry is in crisis: Financial difficulties and support prospects on hold

Friday, April 19, 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