Germany's federal government plans to fund ?,?55 million ($65 million) for the construction of the first industrial-scale hydrogen direct-reduced iron (DRI) plant at ArcelorMittal Hamburg steelworks, the company said on September 8.
The German government will provide half of the total required investment of ?,?110 million. The funding plan now must be approved by the European Commission (EC) before construction will begin.Production at the DRI plant at an industrial scale is scheduled to start in...