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Salzgitter AG is transitioning to hydrogen-based steel production through its Salcos project, aiming for near-zero CO2 emissions in response to rising CO2 prices and the demand for climate-neutral steel. The company is establishing hydrogen infrastructure in northern Germany to support this shift, positioning itself as a key player in the hydrogen ecosystem while competing with industry giants like thyssenkrupp and ArcelorMittal. This transformation is reflected in Salzgitter's stock performance, which emphasizes the viability of green steel and circular economy solutions.