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climate
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As EU steelmakers pile pressure on the European Commission over the future of the Emissions Trading System (ETS), our analysis of the Union’s three largest steelmakers — ArcelorMittal, thyssenkrupp and voestalpine — found that the free allocation value they received has not been matched by comparable investment in decarbonisation. The gap documented suggests that prolonging free allocation further would be counterproductive for investment in decarbonisation.
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The EU Emissions Trading System (ETS) is intended to drive decarbonisation investment through the price it places on CO2 emissions: as the cap tightens and…
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On the week of your 76th birthday and as we approach your company’s 20th anniversary, Mr Mittal, the world is watching — and so is…
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Blast furnaces produce more carbon dioxide (CO2) than iron. Producing one tonne of steel with the blast furnace (BF) route releases 2.3 tonnes of CO2.…
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Nippon Steel’s global ambition is fundamentally reshaping the company. Its acquisition of U. S. Steel marks one of the most significant corporate transformations in the…
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As part of Nippon Steel’s takeover, U. S. Steel has trumpeted a new USD 1.9 billion investment in direct reduction of iron ore (DRI) at…
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For three consecutive years, SteelWatch has analysed and scrutinised ArcelorMittal through its annual Corporate Climate Assessment, examining its reporting, its leadership statements, its earnings calls,…
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4 May 2026, Luxembourg — The global steel giant ArcelorMittal moved beyond delaying investment decisions to openly retreating from the climate commitments it made back…
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Until recently, the steel industry was said to be ‘hard to abate,’ and companies were rarely held accountable for their lack of climate actions. What…
