Speciality steelmaker Voestalpine expects to receive funding in Austria for its billion-euro switch from blast furnaces to electric ones, its chief executive said Wednesday.
ArcelorMittal North America said on Tuesday the steelmaker will supply General Motors with recycled and renewably produced steel, which substantially lowers CO2 emissions.
German engineering companies' order books fell significantly in April, reversing the "small ray of hope" seen in the prior month's figures, the VDMA engineering association said on Monday.
Thyssenkrupp's powerful steel workers' union will hold protests on June 14 over what they fear could be lower than anticipated government subsidies for a 2 billion euro ($2.2 billion) German green steel plant.
Exxon Mobil Corp. said on Wednesday it signed with U.S. steel maker Nucor Corporation a carbon capture and sequestration (CCS) contract, its first from a hard to abate industry.