12
May
15:51
Carbon price surge to hurt EU steelmakers: Fitch
A surge in carbon emission allowance prices could affect European steelmakers’ profitability once steel prices normalise from current multi-year high levels, Fitch Ratings says. The revision of the EU Emissions Trading Scheme (ETS) pricing mechanism in June is likely to spur further carbon price growth.
Rising carbon allowance costs since the fourth quarter of 2020 have so far been offset by exceptionally high steel prices, which Fitch expects…
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Anonymous
Very good overview of the weekly steel market.
Anonymous