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Salzgitter approves low-carbon steel investment

German steelmaker Salzgitter AG has approved to invest €723 million in the project for the initial development phase.

Salzgitter approves low-carbon steel investment

The plan is split into three phases to produce low-carbon steel by 2033. In addition, direct reduction plants and electric arc furnaces, coke-processed blast furnaces, and converters with the new hydrogen-based steel process will replace.

The volume is almost equal to 1% of total German carbon emissions, while Salzgitter aims to reduce its carbon emissions by 95% every year.

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