How Germany’s steelmakers plan to go green (ft.com)
"German authorities have pledged more than €6bn in subsidies to steelmakers in a bid to shore up Europe’s largest industrial base, which is already struggling with high energy prices and falling global demand for its cars and machinery. The full implementation of the EU’s carbon border adjustment mechanism, a tariff regime intended to give Europe’s basic industries protection from cheaper, dirtier imports while they decarbonise their own operations, has opened a window of opportunity for such heavy investment."
Understanding the demand for Green Steel, page-558
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