as in other hospitalized significant patients are facing problems, they have not been moved yet of what to be of us then. yeah. has health work has tried to pump out the water from the hospital rooms? india's weather agency is full costing more rain in the days to come in with that. now you're up to date business with steve beardsley is up next for forwarding on a big step towards steel making in europe fueled by hydrogen instead of suicide. i'm sarah kelly and berlin. thank you so much for watching the hello guys. this is the 77 percent. the platform for advocacy issues and share

ideas. the, you know, or the senate will be a north of bridge that happens then to get the top of applicants. population is really fast. the young people clearly have the solutions. the future belongs to the 77 percent. every weekend on dw, the europe takes big steps towards producing green steel with hydrogen, but can't find a market with for production without losing its shirt or losing out the cheaper dirtier producers elsewhere. also on our show that help us newest measure targeting ask in women also hits female business owners in the country. and welcome to our show,

i'm seeing busy in berlin. recent days of senior uptake new steps to the commercial production of green steel. still that's essentially carbon neutral production and transport on friday, the auto supply company, instead of germany strike a major deal with hydrogen, producer h 2 to supply green still in the coming years. on the same day, the steel maker chosen group rolled out it's hydrogen production, arm caught new sarah to public investors who promptly put a 2 and a half 1000000000 euro evaluation on the company. of the message seems to be clear . there's a lot of anticipation around green still, but the market is still young and there are plenty of questions before production begins on a commercial level. and we'll talk to an expert about that in just a moment. but 1st, here's an example of how green steel is produced. this steel mill is located right by the baltic sea in northern sweden. is the world's 1st successful pilot project for steal production using climate and neutral hydrogen. the intermediate material

for steel production is stored in this home in the form of small pellets obtain from the raul products iron or a rotary cone is then used to refine the iron ore rock. the. the next step is to increase the iron contents of the pellets. this involves and being heated with hydrogen and then melted down. so what we're doing here is if testing of technology, other things to replace the blast furnace and the blast furnace uses cold instead of what we do here with high did them to refine the idol lawrence iron. we weren't allowed to fill in the process as it's an industry secret, but here's how it works. the 1st off is producing green hydrogen electricity from renewable sources like wind or solar power, is used to split water view, electrolysis the and products oxygen in climate neutral hydrogen or

h to this has been fed into the hybrid blast furnace and used to further increase the iron content of the pig iron pellets, the in a 2nd stage, liquid steel is been produced. any electric art furnace the the process is being held as a break through. they will usher in a new era in industrial history. you'll get a bit blind of through while i'm working with this all the time, but when it take one step back to think about it is it's quite the stone, this thing will tough being achieved there in just a couple of years at the s s a b steel mill, they want to completely replace the old technology, which requires a lot of coal. everything will be powered with green electricity in the future. all the furnaces and the new rolling build. the green steel is set to get the green

light in a couple of years. the new technology saves a lot of c o 2, and it's much more efficient. we say that from starting to model this graph where the sponge i run into the electric arc of i'm, i'm seems to have a finish a car that we could actually send for customers. it's roughly 3 hours right now. the overall manufacturing process still last several days, but with green steel also meaning lower costs. demand is sure to grow. the cool folks is a managing director and partner at boston consulting group. she joins me for more. nicole, welcome to the show. a wants to begin with said f in this deal. is this the beginning of a long term trend that parts manufacturers, in this case for the automobile industry, are going to need to commit to green steel production in order to meet their own goals? yes, sure. and you know, the good thing is that the european steel industry is on its way to deliver um for

those parts, manufacturers. so all the players have concrete plans, how to keep carbonized. and if all announcements materialized, then roughly 40 percent of your p last from his capacity will be converted. so we face brake reduced, you or you know, as you hands were come online like to one you quoted endodontics. you've written about this idea of a green steel premium. that is, that there is going to be much higher demand initially for green still than there will be production. even with that premium in place is a green steel. the production is going to be so much more expensive. how or firm's going to overcome that gap? are we seeing plans working with governments, for example, to overcome that gap? i mean, generally to say that in 2030 and that's the year we are talking about scale will be in generally more expensive regardless of color. i mean, the, a green card which you're talking about,

you said you would be about 70 percent or $70.00 more expensive in 2 days. graced you, however, graced you will be also more expensive, you know, given the carbon prize, which will be charging 2030. so but however, to put this into perspective, yeah, if you just look at the standard car to g, carbonized, the value chain, it's about 2 percent more expensive. this would mean to just you and that is a new car. it's 250 to 300 zeros. and i mean, this is not so much less, you know, 1st assessments of the end consumers spent and then say there is to rally billing us to pay for net 0, carmen. so it just makes me hopeful that we work at the same time, aren't we hearing companies say that to make these long term investments and things like electrolyzer is that they're going to need some government help. and here in germany for example, i know there's been a lot of complaints that they haven't seen a clear roadmap towards that help. yeah, we certainly, or just you to industry certainly needs help and just comes in different forms and

shapes. or if you want to replace a ton of old capacity, new capacity, you need to spend, or roughly a 1000 bureaus per ton. so in how dusted come to the balance sheet of dest, you players do not have to string. so we need kept big support. but also what you are mentioning as you know, the infrastructure to renew a c h 2 component. so we need to, after set up, read easily, the discrete industry can use and then you said that stuff this world can start buying greenest you. yes. all right, those cap ex expenses, of course, meaning a capital expenditures i want to ask, do we even really have a definition for green still at this point, isn't that one of the, the tricky points or yeah, your right, you know how is being defined? i mean to less carbon embedded into production degree, no dementia this. and i don't care so much about, you know, what shades of reading already having. so i would, or if you do read this sort of,

you, it's about 4 or less than $400.00, you know, grams per se huge. it per ton of steel embedded. and we don't have this yet. you need to have 4 green hydrogen power plan for that, but everything which is below 1500 kilograms of c o. 2 per ton starts getting green . i'm so this is the trajectory, but we need, you know, to come close to around 400 kilograms. and briefly do companies even have the means to track those carbon emissions across their entire value chains? well, it is not that easy. yeah. first, have started inmate announcements as you can, so you need to calculate upfront our carbon footprint, ideally real time, nothing a bridge over a year. and only if you have this as a prerequisite. then of course you can achieve to premium, we talked earlier. all right, and nicole is a managing director and partner in boston consulting group, specializing in metals. thank you very much. thanks for letting me let's take

a look now at some of the other global business stores making headlines. chinese producer prices dropped in june at the fastest pace in 7 years. the index reflect surprises, the factories charged. wholesalers sold by 5.4 percent from last year and the weak domestic demand change. consumers are wary of spending on big ticket items such as cars is your opinion. and new zealand signed a free trade deal on sunday. following 4 years of negotiations, bilateral trade in goods was worth over 9000000000 euros in 2022. and both parties expected will increase by 30 percent within a decade due to the use already new z ones, 3rd largest trading partner exporting a particular wine fruit and meat to europe. west african heads of state have elected nigerians, new president, bola ok med tina to new booth to lead the economic community of west african states or echo was to do both said in security and terrorism were the biggest threats the regions development was, was founded in 1975,

the aims to promote economic cooperation among its 15 member states. egypt inflation has sorts of an all time high of 36.8 percent of the country grapples with an economic crisis. egypt compound has long lost half its value against us dollars since early last year. and that's left families struggling to cope in the import dependent country. it's late us moved by the taliban to repress african women as of next month. all beauty salons in the country have to be shuddered. the shops were off the last refuge for women who were already banned from schools, most jobs, and even public spaces. and for some women, the new band takes way. they're very livelihoods, a business, a strong at this beauty paula in, cowboy, for now like thousands in the city. the salon is one of the last remaining places where women can gather, chat and gossip, and even bring some color to that daily lives outside these walls. there's not much

to do for them. the ultra religious tele bundle. she has banned women from nearly all parts of life and drops, leaving many with few options to provide for the families. i've been working here for a year now. and the tyler bond has issued an order say they want to close the beauty salons before i say to them, please don't do this. we work here to earn some more for money. schools are ready by on for women. now the silence will be 2 dozen women have the right to live in society and beauty potters mushroom to trust. couple with and other ask and cities in the 20 years that us led forces occupied the country to a couple of chamber of commerce estimates that more than 50000 ask and women work into sector, the spokesman for the totally bonds ministry for the promotion of virtue and prevention of vice gave no reason for the order to close all stores,

but the policy fits the groups general ideology. likely a factor in the beauty pablo band. the fact that many women even own dep businesses, a loft as of that, i'm sorry. i haven't invested $7000.00 here. all the savings i had. yes. no, i'm worried and i don't know what to do because i'm sure there is no one here to buy the equipment. when the beauty parlors shots, i don't want them to go to school. this summer, so testing the how to do this to a child. i haven't done anything contrary to islamic teaching and i'll accept any rules from natal about but i don't want to coast myself a long shot. the united nations assistance mission enough got as done, has appealed to authorities to revoke the salon order was limited hope of success. and that's our show. you can find out more about these and other stories online at g, w dot com slash business. we're also on youtube under the to the the news channel. i'm assuming there's

a blend. thanks for watching the . is it a matter of challenge, or can everyone the part of the self motivated or do they need a lot of outside pressure? musical prodigies. what does the rest of their life look like? we asked geniuses, big and small experts and the parents arts unveiled next on d. w. take off a pulse, the beginning of a story that takes us along for the ride. it's about the perspectives culture.

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