![]() ![]() In April 2023, the introduction of the Carbon Border Adjustment Mechanism (CBAM) was approved, ending free Emissions Trading System (ETS) allowances for steel producers by 2035, while several other initiatives such as the European Hydrogen Bank or hydrogen pipeline corridors support the uptake of low-carbon hydrogen. SALCOS or tkH2Steel), the European Union launched a strong push on industry transition with the February 2023 release of its Green Deal Industrial Plan. ![]() ![]() Besides many project announcements moving forward (e.g.For near zero-emission steelmaking, the most notable progress has been in the following countries: The number of low-emission steel production announcements is constantly growing and expanding around the world, gaining momentum in Canada, the Middle East, Australia, and China. ![]()
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