Over the past year, SteelWatch has continued to challenge powerful companies and question industry narratives that slow down climate action. Its analysis, campaigns and communications are increasingly shaping discussions about the responsibility of major steel companies to invest in credible transition pathways.
Read the full report here.
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.
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…
Tokyo, Japan, 23 June 2026 - Nippon Steel is facing growing pressure to abandon costly, “zombie projects” designed to extend the life of coal-based production…
