Steelmakers grumble about pollution permits that have made them rich
The industry in Europe is not making an effort to cut emissions but instead wants imports curtailed
25 November 2019 - 18:45
Europe’s steel industry is in crisis again and there’s no shortage of reasons for all the financial losses and job cuts. Stagnating demand, surplus production capacity, higher iron ore prices and a surge in imports caused by trade conflicts are just some of them.
But when Tata Steel announced 3,000 job losses at its European arm this week, the company also pointed to a “significant increase” in the cost of carbon emission permits...
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