ArcelorMittal announced on June 19, 2025, that it has dropped plans to convert two plants in Germany to carbon-neutral production. The decision was made due to the prohibitively high energy costs in the country.
This cancellation represents a significant setback for the company's decarbonization strategy in Europe. The plans involved transitioning to lower carbon emissions 'hydrogen ready' DRI-EAF facilities, which are now deemed uneconomical under current energy prices.
The move underscores the challenges faced by heavy industries in Europe in pursuing green initiatives without supportive policy frameworks and competitive energy access. It highlights the economic barriers to achieving carbon-neutral steel production in the region.
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