Major steelmakers build carbon emissions surplus as sales fall

Apr 13, 2012 | 07:47 AM |

Key manufacturers including ArcelorMittal and Tata Steel are among the steelmakers that did not use up their European Union allowance (EUA) for carbon last year as demand for steel slipped across Europe. While a decrease in carbon emissions is good news for Europe’s carbon footprint, the steel industry is still faced with the grim reality of collapsing demand and plummeting prices in Europe, which prompted the mothballing and....

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