ArcelorMittal provided an update on its decarbonization plans in Europe, focusing on investing in 'hydrogen ready' facilities to replace blast furnaces with the aim of reducing emissions and achieving net-zero by 2050. Despite challenges such as slow progress in green hydrogen evolution and the lack of competitiveness in natural gas-based DRI production, the company remains committed to decarbonization. The article highlights the importance of new policies and regulatory environments to support the transition towards low-carbon emissions steel production. Current efforts include constructing electric arc furnaces in Spain to reduce emissions and increase the production of low-carbon steel. ArcelorMittal's CEO expressed confidence in achieving the net-zero target by 2050 but emphasized the necessity of policy initiatives and support from governments to accelerate the decarbonization process. The company's commitment to various technologies, including carbon capture and storage, reflects a long-term vision for achieving near-zero emissions. Despite the challenges posed by the current market and regulatory environments, ArcelorMittal remains optimistic about the future of decarbonization in the steel industry.