MT Jun 2024 15.000 put
| Previous Close | 0.0900 |
| Open | 0.0900 |
| Bid | 0.0000 |
| Ask | 0.2500 |
| Strike | 15.00 |
| Expire Date | 2024-06-21 |
| Day's Range | 0.0900 - 0.0900 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 2 |
ReutersArcelorMittal needs cheap power, hydrogen for German steel revamp
Steelmaker ArcelorMittal may not go ahead with plans to decarbonise its steel plants in Germany unless it gets cheap electricity as well as a sufficient supply with renewables and hydrogen, it warned on Friday. "If the framework conditions with internationally competitive energy prices and available quantities of green electricity and hydrogen are not in place, there's an increased risk of industrial production capacity leaving," said Thomas Buenger, who heads the steelmaker's German division. He said these conditions would have to be met by the middle of 2025 at the latest, which is when ArcelorMittal aims to take a final investment decision regarding its 2.5 billion euro ($2.7 billion) plan to decarbonise its German steel mills.
ZacksArcelorMittal (MT) Advances Green Steel With Gijon EAF Project
ArcelorMittal's (MT) electric arc furnace at Gijon aims to reduce CO2 emissions by more than 35% and support growing low-carbon steel demand.
- Reuters
PRESS DIGEST- Financial Times - May 6
Heineken is reopening 62 British pubs it had closed in recent years and will put about 40 million pounds annually into refurbishing its estate, in the latest sign that pub groups are regaining confidence as cost of living pressures ease. - ArcelorMittal has warned the British government that one of its main divisions may be forced to leave the country if an application to redevelop a commercial port in south-east England is approved this week. - The European Union is lobbying China to exclude agriculture from a series of escalating commercial disputes, calling for the "strategic sector" to be protected from trade-related tensions in the renewable energy and electric vehicle industries.
