ArcelorMittal delays green transition plans blaming lack of EU support
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ArcelorMittal has announced a delay in its plans to transition from coal-fired blast furnaces to hydrogen-powered facilities, citing insufficient support from the EU.
November 26, 2024 | 10:00 am
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ArcelorMittal is postponing its transition to hydrogen-powered facilities due to insufficient EU support, impacting its green transition timeline.
The delay in transitioning to hydrogen-powered facilities may affect ArcelorMittal's sustainability goals and investor sentiment towards its environmental responsibility. The lack of EU support is a significant factor in this decision, potentially impacting the company's stock negatively in the short term.
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