Timeline on carbon emissions poses major risk to EU steel industry, ArcelorMittal says

The short time-window within which European steelmakers must make the transition away from traditional blast furnace (BF) operating models to greener forms of production threatens to kill off what is left of Europe’s steel sector, according to Geert Van Poelvoorde, chief executive officer of ArcelorMittal Europe.

The ever-rising costs that will be incurred by steelmakers under the EU’s Emissions Trading System (ETS) in the years ahead endanger the finances of European steelmakers, Van Poelvoorde said on...

Published

Lee Allen

June 01, 2023

13:18 GMT

London