Steel industry in Germany: ArcelorMittal stops green plans!
Steel industry in Germany: ArcelorMittal stops green plans!
The developments in the steel sector are currently on everyone's lips. The focus is in particular on green steel production after Arcelormittal surprisingly stopped his projects in Germany. As reports [world] (https://www.welt.de/wandwirtschaft/article256315616/stahl industrie-nicht-nicht-nicht--nicht-sein-dass-mach-mach-mach-mach-mach-mach-mach-mach-mach-mach-mach-mach-mach-mach-mach-mach, high electricity costs and insufficient hydrogen availability are the main reasons for this decision. Despite an impressive funding volume of 1.3 billion euros, the company could not guarantee economic feasibility.
In contrast, the competitors Salzgitter and Thyssenkrupp continue their transformation plans. Gunnar Groebler, CEO of Salzgitter, particularly sees a “bridge” into the future in the switch to hydrogen -based production methods. Salzgitter has already advanced and plans to continue the construction work at the headquarters.progress of competitors
Salzgitter announces that the first green steel should run off the assembly line in the first half of 2027. The company has already completed reservation agreements for the quantities produced, a clear strategy to secure the customer base. Groebler refers to a study that suggests that the classic blast furnace route will no longer be economical by the mid -2030s.
Thyssenkrupp Steel Europe does not remain idle. The company plans to build a direct reduction system in Duisburg, supported by around two billion euros in funding. The commitment to continuing transformation projects by Thyssenkrupp and Saar-Stahl-Holding underpin the commitment of industry for decarbonization.
The challenge of decarbonization
The challenges that the steel sector must master are enormous. High energy costs and the pressure through inadequate regulatory framework are a significant hurdle. Groeblers warned of the potentially negative consequences of a decline in steel production in Germany, since steel not only represents a strategic resource for the value chains, but also for infrastructure and defense.
On the positive side, ArcelorMittal still has plans in other regions, such as the construction of an electric layer stove in Dunkirk, which is intended to increase the company's flexibility. Your declared goals for decarbonization by 2050 also remain, as your strategy for climate-neutral production in Europe shows, which also includes innovative approaches such as smart carbon technologies in order to significantly reduce CO2 emissions.
innovations for a green future
Another exciting project comes from the SMS Group, which has developed a promising technology for CO2 reduction with the Easymelt process. This process could offer an inexpensive way to upgrade existing systems and to reduce emissions by over 60 percent compared to the conventional blast furnace route. The focus on flexibility and innovative technologies could bring the decisive advantage in global competition, while high supply bottlenecks are avoided.
The steel industry is on a crossroads. While ArcelorMittal has put his plans on hold, other companies show that a green future is feasible with innovations and a clear commitment to decarbonization. It remains to be seen how the sheet will turn in the coming years and what role Germany will play.
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| Ort | Salzgitter, Deutschland |
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