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ArcelorMittal cancels German H2-DRI projects. Is climate action taking a backseat?

Source: BigMint Jun 24, 2025 10:00

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NG-based DRI still not competitive in Europe. Company to miss 2030 emissions reduction target.

In a significant decision that may have global repercussions, steel major ArcelorMittal has announced its intention to halt work on two major hydrogen-based steelmaking projects in Bremen and Eisenhttenstadt in Germany. The company said soaring and unstable energy prices was the key reason for pulling out, despite being offered

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