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DewDiligence

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Re: jbog post# 28974

Tuesday, 01/30/2024 1:17:26 PM

Tuesday, January 30, 2024 1:17:26 PM

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Re: Hydrogen as a blast-furnace reductant

In due course, CLF will charge a premium for steel manufactured using hydrogen as a reductant in its blast furnaces. This hydrogen-based premium will be in addition to the existing $40/ton surcharge some of CLF’s existing customers pay for CLF’s steel that is manufactured using HBI and hence can be labeled as “low carbon.”

“The efficient-market hypothesis may be
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