How can the steel industry help the EU meet its climate goals?

Around 5% of CO2 emissions in the EU and 7% [1] globally are attributed to the steel sector. To meet the EU's climate ambitions, it must develop and commercialise new low-CO2 technologies over the next 5-10 years.

Reinvesting in existing CO2-intensive assets runs the danger of leavi...

GERMANY SAID, THYSSENKRUPP STATE BAILOUT IS NOT THE RIGHT STEP

Highlights:

• The authorities of Germany said that, the Thyssenkrupp state bailout is not the right step for gaining money
• The Thyssenkrupp Steel, Europe has been affected by the high costs of raw materials and weak demand from the cheap Chinese imports...

COVID-19 PANDEMIC FORCED EUROPEAN STEEL INDUSTRY TO CHALLENGE ITS WEAKNESS

Highlights:

• The novel corona virus pandemic has been forcing the steel industry in Europe to challenge its weakness
• According to reports, the prices of the European hot rolled coil have increased by a quarter after experiencing a decrease in the month...

GERMANY CONSIDERS SUBSIDIES FOR STEEL AND CHEMICAL SECTORS

HIGHLIGHTS

• Germany wants approval from EU to support the chemical industry and steel industry in its country.
• German government is considering providing subsidies to these industries.
• Economy minister presented a plan to support the growth ...