Overview
- Salzgitter will delay the second and third stages of its Salcos green steel program by about three years, moving investment decisions to 2028/29.
- The first phase remains slated for the first half of 2027 with supervisory board approval of roughly an additional 10% of the €2.3 billion budget.
- Phase one is expected to deliver around two million tonnes of steel and reduce total company CO2 emissions by roughly 30%.
- CEO Gunnar Groebler called for stronger EU trade protection, a faster hydrogen market ramp-up and lower energy costs.
- The shift comes as ArcelorMittal scrapped German green conversions in June, Thyssenkrupp continues work toward a 2027 start, and the economy ministry declined to discuss company decisions while stressing support and energy price relief measures.