Thyssenkrupp is reviewing plans for production of green steel, the German conglomerate said late on Sunday, responding to a report that it was considering halting a 3-billion-euro ($3.3 billion) decarbonisation project.

Thyssenkrupp is reviewing its plans to produce "green steel", by making the production climate-neutral according to the German newspaper Handlesblatt which quotes internal company documents. The report says that the company's senior management and CEO ...

Thyssenkrupp is carrying out a review of its plans for a green steel project that may lead to its eventual cancellation, Handelsblatt reported, citing internal documents.

Germany's Thyssenkrupp said on Monday it is reviewing its plans for the production of green steel, casting doubt over its ambitions to use hydrogen in its push to decarbonise what is one of the most polluting industrial processes.

Investors were spooked when the German industrial giant announced it was reviewing its plans for the production of green steel.That statement came after a report Sunday it was considering halting a major decarbonisation project.

The company said its steel decarbonization effort was under review after the its steel business warned last month that its plan for its site in Duisburg, Germany, could cost more than envisioned.

Germany's Thyssenkrupp said it is reviewing its plans for the production of green steel following a report on Sunday that it was considering halting a major decarbonisation project. The crisis-ridden conglomerate said it is reviewing the plan for its steel division,