Thyssenkrupp reassesses €3bn green steel project due to rising costs and leadership disputes.

Thyssenkrupp is reassessing its green steel production plans, including a €3 billion ($3.3 billion) decarbonization project, amid concerns over rising costs and leadership disputes about funding. The company is exploring options, such as halting its hydrogen-based direct reduction initiative, as it seeks economically viable methods to achieve climate neutrality in its steel operations.

October 07, 2024
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