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15 Sep
12:25

European mills risk not affording green transition: report

There is little room to extend the life of primary steel production through blast furnace technology within the European steel sector, says UK-based research house Industry Tracker in a report published this week. Producers’ current balance sheets and free cash flow yields cannot meanwhile carry the cost of the transition to green hydrogen steelmaking. Only a quarter of 2050 emissions budget remains among Europe’s top ten steelmakers. Of the companies …
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