Industrial

German steel group secures €1.7bn of financing for green hydrogen-based iron and steel project

Stahl-Holding-Saar (SHS) is due to build a direct-reduced iron plant as well as two new electric arc furnaces with the funding

Site construction work has already begun at the Völklingen site for the Power4Steel project.
Site construction work has already begun at the Völklingen site for the Power4Steel project.Photo: SMS Group
Editor, Hydrogen Insight
Published 14 October 2025, 07:48Updated 14 October 2025, 07:48
Green H2green steelDirect reduced ironGermanyEurope