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29 May
01:00

WV Stahl slams cost of EU environmental regulations

The decision on the so-called Market Stability Reserve (MSR) by the European Parliament and the European Council announced earlier this month has been received with concern by the German steel federation Wirtschaftsvereinigung (WV) Stahl. If regulations continue in their present form and CO2 prices rise, Germany’s steel industry has to face “unbearable” additional costs for certification and rising power prices of €1 billion ($1.1 bill…
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