Germany regrets Arcelor's decision to halt carbon-neutral steel production
BERLIN, June 20 (Reuters) - Germany's economy ministry on Friday expressed regret over ArcelorMittal's (MT.LU), opens new tab decision not to proceed with two key hydrogen steel projects in Germany, foregoing government help amounting to 1.3 billion euros ($1.5 billion).
"It is important to note that no money has yet flowed. This means that no money has to be reclaimed," the ministry said in an emailed statement.
ArcelorMittal said it had dropped plans to convert two plants in Germany to carbon-neutral production because the country's energy costs were too high.
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