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16 Jun
13:34

Carbon reduction requires whole value chain approach: Fitch

The marginal cost of carbon in steel production will increase as “free allowances” of carbon emissions under the EU Emissions Trading System are reduced, and prices increase, according to Fitch Ratings. There is increasing attention on the growth of lower-emission electric arc furnaces at the expense of conventional basic oxygen furnaces, Fitch observes. The expansion of EAFs and industrial electrification in China is beginning to affect the overall em…
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