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Green Steel
Latest News
U.S. DRI Projects Receive Federal Support
25 March 2024 - Cleveland-Cliffs Inc., SSAB and Vale will share up to US$1.4 billion in federal funding supporting several proposed decarbonization projects.
H2 Green Steel Reaches New Funding Milestone
22 January 2024 - H2 Green Steel has signed definitive debt financing agreements amounting to EUR4.2 billion and has raised an additional EUR300 million in equity, the startup producer said Monday.
Automotive Supplier Partners with H2 Green Steel
17 January 2024 - Global automotive supplier KIRCHHOFF Automotive has signed a seven-year, EUR130 million supply agreement with H2 Green Steel, the steelmaking startup has announced.
Erdemir Announces US$3.2B Decarbonization Investment
11 January 2024 - Turkish steelmaker Erdemir said it will invest US$3.2 billion to reduce its emissions by 25% over the next seven years.
Four Countries Heighten Commitments to Green Steel Procurement for Public Projects
07 December 2023 - Canada, Germany, the United Kingdom and the United States have offered greater pledges to boost demand for low-CO2 steels and other CO2 intensive materials by leveraging their purchasing power to create new demand for the products.
Danieli, Tenova Announce Order for Omanese DRI Plant
05 December 2023 - The Jindal Steel Group’s newly established Vulcan Green Steel has ordered a hydrogen-ready Energiron direct reduction plant from Tenova and Danieli.
Alfa Laval Partners With Outokumpu on Green Stainless Steel Solution
05 December 2023 - Heat transfer specialist Alfa Laval will begin buying low-CO2 stainless steel from Outokumpu under a new supply contract, the companies report.
What’s the Measure of Green Steel? The WTO Is Proposing One Way to Look at It.
04 December 2023 - The World Trade Organization has put on the table a set of principles meant to standardize how greenhouse gas emissions are measured in the global steel industry.
Government Affairs Executive to Lead Global Steel Climate Council
04 December 2023 - The Global Steel Climate Council has hired an executive director to advance the goals of the organization, naming Adina Renee Adler to the post.
Volvo to Use SSAB Recycled, Near-Net-Zero Primary Steels
04 December 2023 - Volvo will use near-zero emission primary and recycled sheet steel from SSAB in a car program, beginning in 2026.
POSCO Plans to Go All in on H2 Ironmaking
27 November 2023 - South Korean steel giant POSCO plans to shift entirely to hydrogen-reduced iron production by 2050, reports BusinessKorea.
Schneider Electric Opts for ArcelorMittal’s Renewably Produced XCarb Steel
20 November 2023 - French multinational Schneider Electric will buy ArcelorMittal’s XCarb recycled and renewably produced steel for its electrical cabinets and enclosures, the company has announced.
SSAB, Scania Sign LOI on Low-CO2 Steel
14 November 2023 - SSAB has signed letter of intent with a major customer to decarbonize steel deliveries in 2030, the company has announced.
Essar Group Laying Plans for US$4 Billion Mill in Saudi Arabia
30 October 2023 - India’s Essar Group plans to invest US$4 billion in a low-CO2 steel plant in Saudi Arabia, reports the Bloomberg news service.
With Support From the EU, Italian Engineering Firm to Build Pilot Hydrogen Steel Plant
26 October 2023 - The European Commission and the Italian Ministry of Enterprises are throwing support behind a research project that aims to establish a fully hydrogen-fueled steelmaking plant.
U.S. Won’t Immediately Reimpose 25% Tariffs on EU Steel
25 October 2023 - The U.S. would extend its suspension of a 25% tariff on steel from the European if negotiators need more time to set the Global Arrangement on Sustainable Steel and Aluminum, the U.S. ambassador to the EU has said, according to the Reuters news service.
Blastr Green Steel Partners With SFE on Pellet Plant in Norway
19 October 2023 - Blastr Green Steel announced it has signed a Letter of Intent (LOI) with power company Sogn og Fjordane Energi (SFE) for the long-term supply of clean electricity to the company’s planned pellet plant in Lutelandet, Norway.
KOBE Steel Achieves 25% Reduction of CO2 Emissions From Blast Furnace
19 October 2023 - Japan’s Kobe Steel Ltd. announced this week that a demonstration test at its Kakogawa works has successfully reduced CO2 emissions by 25% from a large blast furnace.
Rising Green Steel Demand Propels SSAB Decarbonization Efforts
18 October 2023 - European steelmakers are moving decarbonization plans from the drawing board to construction, with pilot facilities to trial new processes up and running and new production plants in various stages of progress.
Importing DRI Could Be an Answer to Europe’s Green Hydrogen Needs
18 October 2023 - In the years ahead, six Middle Eastern and North African (MENA) countries – Morocco, Algeria, Tunisia, Libya, Egypt and Saudi Arabia — will likely be able to meet a significant portion of the European steel industry’s coming demand for green hydrogen.
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