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Global Trade Alert

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United States of America: DOE announces USD 500 million to support a hydrogen-fuelled iron plant

Description

On 25 March 2024, the Department of Energy (DOE) announced financial assistance for Cleveland-Cliffs Steel Corporation. This support will help decarbonize the iron and steel sector and reduce industri...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

25 Mar 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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