Overview

• ArcelorMittal has stopped plans to convert its Bremen and Eisenhüttenstadt plants to green steel, saying the economic framework and hydrogen supply make the projects unworkable.
• By walking away from the initiatives, the group forfeits €1.3 billion in already approved government support for CO₂-reduced production.
• SPD leader Lars Klingbeil has proposed a national steel summit to bring industry, unions and government together to secure jobs and chart a path forward.
• Competitors such as ThyssenKrupp Steel and Salzgitter AG are pressing ahead with their own decarbonization schemes, supported by multibillion-euro federal and state subsidies.
• Economy Minister Katherina Reiche warns that lower energy costs and tougher action against low-priced steel imports are essential to restore German producers’ competitiveness.