25
Mar
19:12
US earmarks $1 billion for Cliffs, SSAB decarbonisation
Cleveland-Cliffs and SSAB have been selected by the US Department of Energy (DOE) to receive tentative funding to innovate steelmaking technology, understands Kallanish.
On 25 March, DOE secretary Jennifer Granholm announced that 33 projects in energy-intensive industries would receive $6 billion in funding for their decarbonisation technologies.
Cleveland-Cliffs may receive up to $575 million to pursue decarbonisation investments in Middletown Works in Ohio and…
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Very good overview of the weekly steel market.
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