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Green Steel: ArcelorMittal Finally Pulls The Plug

Green Steel: ArcelorMittal Finally Pulls The Plug Submitted by Thomas Kolbe In the end, economic reality prevails. Green steel has no future in Germany, regardless of how much funding may continue to flow through the channels of the green subsidy machine: At Germany’s overregulated, energy-policy-driven and increasingly sidelined industrial location, industrial production is becoming less and less profitable. That ArcelorMittal, one of the green economy’s poster boys, threw in the towel at the end of the week and announced that it would end steel production at its Duisburg site is the latest...
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