Luxemburg-based ArcelorMittal’s path to net zero emissions has come under scrutiny as it starts the construction of a new coal-based blast furnace in India which contrasts with low-carbon steelmaking in Europe and Canada. In a report released last month it was suggested that ArcelorMittal should prepare for difficult questions in its upcoming annual general meeting in May about how the company intends to reach net zero by 2050, as the company builds this new coal-powered blast furnaces in a joint venture with metal producer Nippon Steel of Japan (AM/NS India).
