Germany's Second-Largest Steelmaker on Transitioning to Green Steel

The video discusses the outlook for the steel industry in 2023, addressing concerns about a potential credit crunch in Europe. It highlights the challenges faced by the industry, such as energy crises and supply chain issues, and emphasizes the transition to CO2-free steel production with government support. The discussion also covers funding plans for this transformation and the potential impact of the US Inflation Reduction Act on green investment in Europe. The business case for producing green steel in Germany, considering energy costs and customer proximity, is also explored.

What support has the German government and EU provided for the transformation of the steel industry?

How does the speaker view the impact of the Inflation Reduction Act in the US on green investment in Europe?

What factors contribute to the decision to produce green steel in Germany as opposed to other regions?