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Over the next three years, Interpipe, the Dnipro-based steel pipe and railway wheel manufacturer, is investing $100 million in carbon reducing projects,

Denys Morozov, First Deputy Director General of Interpipe, announced to the GMK forum. In an indicator of how far Ukraine has to go he said the share of steel produced by electrometallurgy, a low carbon method, “does not exceed 5%,” he said. By contrast, electrometallurgy shares are higher elsewhere: the Middle East – 94%; Mexico – 83%; the US – 71%; Turkey – 69%; India – 56%; Canada – 46%; and the EUnion – 42%.

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According to GMK Centre, Ukrainian steelmakers will need to invest $25 billion in order to meet the new low carbon standards of the EU and the US.