Experts sound alarm: billion bet on green steel threatens to fail
Home Economy Status: 05.08.2026, 2:16 pm Comments Follow us on Google A PwC study questions Germany’s steel strategy: Even the..
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Summary
From 2035, Europe will import more steel, but will also expand its own capacities – especially in Scandinavia, where climate-friendly hydrogen can be produced cheaply. In Europe, the Group already operates a direct reduction plant in Hamburg, with a total of 20 plants at seven locations worldwide. (Sources: Handelsblatt, PWC) (han).
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From 2035, Europe will import more steel, but will also expand its own capacities – especially in Scandinavia, where climate-friendly hydrogen can be produced cheaply.
according to Frankfurter Rundschau +1In Europe, the Group already operates a direct reduction plant in Hamburg, with a total of 20 plants at seven locations worldwide. (Sources: Handelsblatt, PWC) (han)
according to Frankfurter Rundschau +1
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