Salzgitter says ArcelorMittal decision shows need for better framework conditions

Salzgitter AG

20/06/2025 12:50

DUESSELDORF, June 20 (Reuters) - Salzgitter SZGG.DE, Germany's second-biggest steelmaker, said on Friday that ArcelorMittal's MT.LU decision to drop plans to convert two plants to carbon-neutral production showed that framework conditions for green energy need to be improved.

"For companies like Salzgitter, which are already in the midst of the transformation, it is now important to further intensify the efforts that have already been launched to develop the hydrogen economy and to reduce electricity prices to a competitive level," it said in a statement.

 (Reporting by Tom Kaeckenhoff, Writing by Miranda Murray, Editing by Rachel More)

 ((Miranda.Murray@thomsonreuters.com;))