Even free money was not enough for hydrogen steel

ArcelorMittal put its European hydrogen-steel plans on hold across four sites and turned down a €1.3 billion German subsidy, saying power costs were too high and green hydrogen was not yet a workable fuel.

What it means: even free government money was not enough to make the numbers work. The piece still missing is a buyer prepared to pay the premium, which is the gap Carbon3 helps bridge:

1. Spreading costs among the value chain partners.
2. Sharing Scope 3 reduction benefits among investors.
3. A simple, global, flexible marketplace platform.

The cost gets spread across value-chain partners instead of landing on one balance sheet, and the Scope 3 reduction is shared among the investors funding it, each taking the slice that fits their risk appetite.

Learn more in our 2026 Iron & Steel Report linkedin.com