EU approves 55 mln euros German aid for ArcelorMittal green steel plant

Kitco Media
By Reuters
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Reuters
BRUSSELS, Feb 17 (Reuters) - The European Commission said on Friday that it had approved a 55 million euros ($58.48 million) in German state aid to support ArcelorMittal's plans to build a plant producing so-called 'green' steel using renewable hydrogen. "This 55 million euros measure is an important step towards a more sustainable steel industry in Germany and the EU," European Union antitrust chief Margrethe Vestager said in a statement. ($1 = 0.9405 euros) (Reporting by Sudip Kar-Gupta; editing by Jason Neely)

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