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ArcelorMittal's pullout plunges German green steel in doubt
Steel is the backbone of German industry — but it's also a major source of greenhouse gas emissions, accounting for nearly 7% of Germany's CO2 emissions. As Germany has pledged to become carbon-neutral by 2045 — five years earlier than the rest of the European Union — the steel industry must cut up to 55 million metric tons of CO₂ annually, which is roughly 30% of all industrial emissions, according to the German Steel Federation lobby group.In order to make German steel production significantly more sustainable, the previous government comprising the Social Democrats, the environmentalist Greens and the ... (full story)
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- Jul 17, 2025 6:46am Posted byFundamental Analysis227
