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SteelWatch reacts to the White House blocking Nippon Steel’s acquisition of the U.S. Steel
Roger Smith ·. 03.01.2025
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A key missing driver for green steel in Japan are signals from steel buyers that they are willing to pay more for low-emissions steel. As a major steel buyer, the Japanese government could help drive market formation and encourage investment in low-emissions steelmaking technologies through green purchasing.
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As 2024 draws to an end, optimism on steel sector decarbonisation can feel in short supply. While impacts of the climate crisis accelerate, emissions are stubbornly high, sector debates are more focused on trade protection than on climate protection, and governments and companies are wobbling on their ambition. But stepping back, it is not all gloom. 2024 may be the year when tipping points were reached, and cracks in the status quo became undeniable.
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With its “Super COURSE50” technology brand, Nippon Steel claims to use hydrogen injection and carbon capture to reduce climate-harming emissions from its steel plants.
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With the Paris Olympics opening ceremony and the display of the low carbon Olympic torch, it's time to evaluate. In the race to sustainable steel, how is ArcelorMittal performing?
