Germany regrets Arcelor's decision to halt carbon-neutral steel production
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2025
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Source: Reuters
ArcelorMittal's Decision: ArcelorMittal has decided not to proceed with two hydrogen steel projects in Germany due to high energy costs, resulting in a loss of potential government support worth 1.3 billion euros ($1.5 billion).
Government Response: Germany's economy ministry expressed regret over the decision but clarified that no funds had been disbursed, meaning there is no need for reclamation of any money.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
