Europe’s steel mills hesitant to decarbonise despite promise of public funding

The long-term economic viability of green versus grey steel is in serious jeopardy, as the environmentally friendly material costs up to €1,000 per tonne more than the alternative

As the energy transition progresses apace, reducing the carbon footprint of traditionally high-emitting industries is increasingly crucial to limiting global emissions. Of these sectors that are difficult to eliminate, the steel industry is one of the most complicated. Despite incentives and tax breaks designed to promote the production of green steel – produced using zero-carbon electricity – Europe’s steel mills face an uphill fight.

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