ArcelorMittal's European Head Casts Doubt on Feasibility of Green Hydrogen for Steel Production

Gert van Poelwrode, the head of ArcelorMittal's European division, has expressed skepticism regarding the practicality of utilizing green hydrogen for steel production within the EU. Despite receiving substantial subsidies for relevant equipment, he suggested that importing Direct Reduced Iron (DRI) might be a more viable option for producing low-carbon steel. According to van Poelwrode, the high cost of "green" hydrogen in Europe could render it economically unfeasible for steel plants. He emphasized concerns about market competitiveness and the potential exclusion from international markets should they opt for hydrogen-based steel production. While policymakers advocate for decarbonization efforts in the steel sector through the utilization of DRI produced with "green" hydrogen, van Poelwrode's comments underscore apprehensions that ArcelorMittal's planned installations may not immediately adopt this approach, despite substantial government subsidies. The company anticipates

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Source and Credit: gmk.center