'Europe would need to tax steelmakers €500 per tonne of CO2 to drive switch to green hydrogen': analyst

Rystad Energy calculates that imports of direct reduced iron to Germany from Australia or Oman would be cheaper than domestic production

ArcelorMittal's existing hot strip steel mill in Ghent, Belgium.
ArcelorMittal's existing hot strip steel mill in Ghent, Belgium.Photo: ArcelorMittal
Published 2 May 2024, 10:25Updated 2 May 2024, 11:30