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'Significant' financial aid needed for green steel production, says report

Delivered hydrogen prices of below €3/kg ($3.10/kg) would be needed for breakeven green steel production in Europe in the current high energy price environment, industry group Hydrogen Europe said in a new report. The cost of producing renewable hydrogen via alkaline electrolysis in Europe was assessed at €10.70/kg ($11.18/kg), based on month-ahead power prices, as per S&P Global Commodity Insights data. Hydrogen prices would need to fall to below €1.50/kg in an ‘adjusted prices scenario,’ which assumed prices falling to reflect potential future fossil fuel price drops, Hydrogen Europe said in its "Steel from Solar Energy" report, published 11 May. Read more at STEELTIMES INTERNATIONAL:

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