A Two-Speed Decarbonisation PlanĪrcelorMittal’s plans for more coal-based steelmaking in India contrasts markedly with its developments in Europe and Canada, where the company is planning a transition away from blast furnaces to direct reduced iron (DRI)-based steelmaking using green hydrogen under its ‘Innovative DRI’ decarbonisation pathway. The steelmaking technology under consideration for these new sites has not been disclosed. AM/NS India has now begun construction of two new blast furnaces at Hazira, Gujarat, is planning a further expansion of capacity to 20 million tonnes per annum (Mtpa) as well as new integrated steel plants at Kendrapara (24Mtpa) and Paradip (6Mtpa) in the state of Odisha. Luxembourg-based ArcelorMittal has entered the Indian steel market via a 60:40 joint venture with Nippon Steel of Japan - ArcelorMittal Nippon Steel India (AM/NS India).
With no major breakthrough in carbon capture utilisation and storage (CCUS) for coal-based steelmaking on the horizon, investors should be asking questions that challenge ArcelorMittal about its Indian expansion, the technology choices being made and how that aligns with the company’s 2050 net zero emissions target.
Global steelmaking giant ArcelorMittal has committed to reach net zero emissions by 2050 yet it is building new coal-consuming blast furnaces in India.
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