Green transformation: European steel industry must cut emissions by 30 percent by 2030 in order to meet climate targets
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One third of output from primary – i.e. ore-based – steelmaking, around 29 million metric tons, must be produced in a more climate-friendly way
The necessary CO2 reductions will lead to additional annual costs for the industry in the double-digit-billion Euro range at the end of the decade
The transformation to green steel will have to be financed with the help of state aid and