ArcelorMittal drops plans for green steel in Germany due to high energy costs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 19 2025
0mins
Source: Reuters
ArcelorMittal's Decision: The steelmaker ArcelorMittal has abandoned plans to convert two German plants to carbon-neutral production due to high energy costs and uncertainty about future energy sources, rejecting 1.3 billion euros in public subsidies.
Impact on the Industry: This decision highlights the challenges facing the German industrial sector, particularly in the steel industry, which is struggling with high electricity prices and increased competition from imports, prompting calls for action from the European Commission to protect local producers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
