A major low-carbon steel project in the U.S. is increasingly in jeopardy because of the Trump administration’s opposition to clean energy.
Cleveland-Cliffs, one of the largest steel producers in the U.S., signaled last week that it aims to “substantially alter” and scale back plans to use hydrogen to produce steel at its coal-based plant in Middletown, Ohio.
The Biden administration selected the project for a $500 million Department of Energy grant, part of a roughly $6 billion program financed by the Inflation Reduction Act to decarbonize heavy industry in the United States.
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But in an earnings call Thursday, Cleveland-Cliffs CEO Lourenco Goncalves said the project will be revised to “better align with the administration’s energy priorities.”
