European Commission Reveals ‘Action Plan’ to Decarbonize Steel & Metal Industries
The plan will ensure an affordable and secure energy supply for the sector, prevent carbon leakage, expand and protect European industrial capacities, promote circularity, protect quality industrial jobs, and ensure de-risking of decarbonisation. Mar 20, 2025 In order to maintain and expand European industrial capacities in the steel & metal sectors, as well as strengthen […]
European Commission Launches Countermeasures on US Imports into EU
The EU countermeasures are likely to impact US goods exports worth up to EUR 26 billion, matching the economic scope of the US tariffs. Mar 12, 2025 In response to the imposition of new US tariffs on EU steel and aluminium imports, the European Commission has launched swift and proportionate countermeasures on US imports into […]
European Commission Approves Swedish State Aid of EUR 128 Million for SSAB
The project will support the accelerated transition to an electric steel mill having a capacity of 2.5 million tonnes of green slabs per year through the installation of an electric arc furnace, which will produce direct reduced iron using steel scrap and renewable hydrogen. Oct 22, 2024 The European Commission has approved an aid of […]
Nippon Set to Acquire US Steel by December, Gets EU Nod
The European Commission, the executive organ of the European Union, said the planned deal will not raise competition concerns given the companies’ limited market positions. May 10, 2024 Japan’s leading steelmaker Nippon Steel Corp will stick to its plan to acquire United States’ Steel Corp, by December end. Vice Chairman of the Japanese steelmaker and […]
DESFA Aims to Build EUR 1 Billion, 540 Km Hydrogen Pipeline from Greece to Bulgaria
DESFA plans to build a EUR 1 billion hydrogen pipeline, covering 540 km, as a connector pipeline from Greece to Bulgaria. The pipeline has passed an initial technical assessment by the European Commission, and will serve as a future European southeastern corridor. Jul 13, 2023 DESFA has shared that it is aiming to build a […]
Gascade & Fluxys eyeing approvals for North Sea 400Km 100GW Green Hydrogen Pipeline plan
Germany-based Gascade and Belgium-based Fluxys have applied to the European Commission to qualify for fast-track approvals as well as funding, advancing on their AquaDuctus project of a 400 Km, 100 GW capacity green hydrogen pipeline in the North Sea, with the project expected to begin in 2030. The pipeline infrastructure companies have jointly applied for […]
