EU 'Melted and Poured' rule sparks green steelmaker backlash over DRI sourcing

The EU's proposed 'Melted and Poured' rule, under the Industrial Accelerator Act, defines European steel by melting location, ignoring where direct reduced iron (DRI) is produced. Green steel projects in Europe argue this allows carbon-intensive DRI imports to bypass decarbonization, effectively incentivizing relocation. The rule's final form remains uncertain as Parliament debates.