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January 30, 2023

Boston Metal gets $120M boost to make ‘green steel'

By ED DAVEY
Associated Press

The manufacture of “green steel” moved one step closer to reality Friday as Massachusetts-based Boston Metal announced a $120 million investment from the world's second-largest steelmaker, ArcelorMittal.

Boston Metal will use the injection of funds to expand production at a pilot plant in Woburn, near Boston, and help launch commercial production in Brazil.


 
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