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ArcelorMittal Halts Green Steel Plans in Germany, Sparking Concern
Germany has expressed regret over ArcelorMittal’s decision to cancel two major hydrogen-based steelmaking projects in Bremen and Eisenhüttenstadt. The company cited soaring and unstable energy prices as the key reason for pulling out, despite being offered €1.3 billion in public funding support.
The projects were central to Germany’s green hydrogen strategy and industrial decarbonisation goals. ArcelorMittal, however, deemed the economic conditions unsustainable, pointing to more favorable energy markets in countries like France, where nuclear power keeps electricity costs lower.
The German Economy Ministry confirmed that no government funds had been disbursed, so there will be no financial recovery process. Still, the ministry emphasized the need for predictable energy pricing and robust policy support to maintain industrial competitiveness during the energy transition.
ArcelorMittal also urged the European Union to introduce import restrictions on steel, arguing that rising decarbonisation costs are placing European producers at a disadvantage compared to global competitors.
The cancellation underscores the growing challenge of balancing climate ambitions with economic realities. It highlights the urgent need for EU-level reforms to stabilize energy markets and support the green transformation of key industries.
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