Overview

• ArcelorMittal announced it will no longer pursue its green steel conversion in Bremen and Eisenhüttenstadt, citing unaffordable retrofit costs and low hydrogen availability.
• The federal government and the state of Bremen had pledged about €1.3 billion in support, including €250 million from Bremen’s budget.
• Bremen’s Mayor Andreas Bovenschulte and Brandenburg’s Minister-President Dietmar Woidke warned of job losses and backed calls for a dedicated steel summit to secure the industry’s future.
• Salzgitter Flachstahl, Thyssenkrupp Steel Europe and SHS have already secured roughly €5.6 billion in subsidies and are advancing with their own green steel initiatives.
• The cancellation represents a major hurdle for Germany’s decarbonization targets and raises fresh doubts about the steel sector’s ability to meet climate goals.