SSAB Withdraws from US Green Steel Funding Discussions

Reported about 14 hours ago

Swedish steelmaker SSAB AB has withdrawn from negotiations with the U.S. government regarding funding for a green steel plant, as President-elect Donald Trump shows intent to reverse climate policies. Despite previously receiving up to $500 million from the Biden administration for a facility using hydrogen in Mississippi, SSAB is no longer in talks with the Department of Energy, although they will continue their technical development of decarbonization projects in the U.S.

Source: YAHOO

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