A new data collection provides insights into the progress of climate-friendly iron and steel production at selected companies. thyssenkrupp is relatively advanced among the large corporations, but newcomers promise even more.
By Alex Veit
In Brussels, German Labor Minister Bärbel Bas and her counterparts have agreed on more aid for employees on the brink of unemployment. Now the EU Parliament has to decide its position on expanding the European Globalization Adjustment Fund for Displaced Workers (EGF).
By Marion Bergermann
During a visit to the Foreign Affairs Council (Trade) in Brussels, US Secretary of Commerce Howard Lutnick said that the EU should adapt its digital rules. This could then provide the basis for negotiations on US steel tariffs, he said.
By János Allenbach-Ammann
A large share of the high-grade iron ore from Guinea’s Simandou mine is destined for China. For state-owned machinery manufacturer XCMG, the USD 20 billion project represents a major growth market.
By Lucia Weiß
In a vote that was delayed until the last minute, a majority of member states agreed to new trade protection measures for the ferroalloy industry. Industry association Euroalliages is relieved.
By János Allenbach-Ammann
On Friday, the member states are to vote on whether the EU should implement protective measures for the domestic ferroalloy industry. The approach is based on reduced import quotas, which is likely to affect Norway in particular.
By János Allenbach-Ammann
The German government and the CDU/CSU parliamentary group are moving away from a purely regulatory policy. Electricity subsidies and protective tariffs are intended to save the German steel industry. The plans could be thwarted by EU subsidy rules.
By Alex Veit
German industry faces billions of euros in extra costs when free emissions allowances expire. But maintaining the subsidies would tear a large hole in the EU Innovation Fund, intended to help finance decarbonization.
By Nico Beckert
In Toronto, the G7 environment and energy ministers agreed on plans to improve the supply of critical raw materials. In the energy industry, the focus is primarily on grids and artificial intelligence – and a material from the steel industry.
By Manuel Berkel
With the CCS Act and the climate protection agreements, the German government wants to drive forward the capture and storage of CO2. Climate scientists warn that investments in the conversion of production processes should not be neglected.
By Nico Beckert
