ArcelorMittal delays final investment decisions on green hydrogen-based steelmaking due to high costs

The steel giant also casts doubt on whether direct iron reduction from natural gas will be competitive in Europe

ArcelorMittal's existing hot strip steel mill in Ghent, Belgium.
ArcelorMittal's existing hot strip steel mill in Ghent, Belgium.Photo: ArcelorMittal
Published 26 November 2024, 10:24Updated 28 November 2024, 13:59
ArcelorMittalSteelGreen H2green steelEurope