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The Independent UK

National

Ed Davey

US company gets $120 million boost to make 'green steel'

ArcelorMittal Boston Massachusetts RI

Copyright 2023 The Associated Press. All rights reserved.

The manufacture of "green steel" moved one step closer to reality Friday as Massachusetts-based Boston Metal announced a $120 million investment from the world's second-largest steelmaker, ArcelorMittal.

Boston Metal will use the injection of funds to expand production at a pilot plant in Woburn, near Boston, and help launch commercial production in Brazil. The company uses renewable electricity to convert iron ore into steel.

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