ArcelorMittal's Rejection of German Subsidies and the Challenges of Green Steel Production
In this episode, Alice and Lewis discuss ArcelorMittal's decision to reject 1.3 billion euros in public subsidies for converting its German steel plants to hydrogen-based production. They explore the company's concerns about high energy costs, regulatory challenges, and the economic viability of green hydrogen. The conversation also touches on Germany's broader climate goals, the European Commission's decarbonization targets, and the broader pressures facing the German steel industry, including competition from China, US tariffs, and the transition away from Russian gas.
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