Germany regrets Arcelor's decision to halt carbon-neutral steel production
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2025
0mins
Source: Reuters
ArcelorMittal's Decision: ArcelorMittal has decided not to proceed with two hydrogen steel projects in Germany due to high energy costs, resulting in a loss of potential government support worth 1.3 billion euros ($1.5 billion).
Government Response: Germany's economy ministry expressed regret over the decision but clarified that no funds had been disbursed, meaning there is no need for reclamation of any money.
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.
