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  • Europe’s Green Suicide: Tata Steel To Cut 3,000 Jobs as Crisis Rips Through EU

    • Date: 19/11/19
    • Bloomberg
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    Tata Steel Ltd. plans to cut as many as 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the U.K. About two-thirds of the reductions would be office-based staff, the company said in a statement. While […]

  • Costly Climate Policies Threaten To Kill Europe’s Steel Industry

    • Date: 28/05/19
    • Steel Guru
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    European steel industry calls on policymakers to end steel crisis and to save hundreds of thousands of jobs Against the backdrop of the EU elections the European Steel Association calls for urgent action by EU policy makers to help the sector as it faces down the flood of steel exports deflected to the EU because […]

  • Carbon Tax Madness: ArcelorMittal To Cut European Steel Output

    • Date: 06/05/19
    • Argus News
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    Only steel produced in Europe is subject to a carbon levy under the EU’s Emissions Trading System. The price of carbon has increased by around 230pc since the start of 2018, ArcelorMittal said. Luxembourg-based steel producer ArcelorMittal will temporarily reduce its European steel output by 3mn t/yr because of weak demand. The company will temporarily […]

  • EU Climate Policy Threatens To Destroy What Is Left Of Europe’s Steel Industry

    • Date: 29/05/17
    • Reuters
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    Steelmakers in Europe have written to EU leaders urging them not to burden the industry with extra carbon emissions costs they say would make them uncompetitive against foreign rivals and raise the risk of job losses and plant closures. Draft reforms to the EU Emissions Trading System (ETS) post-2020, agreed in outline by the European […]

  • EU Climate Policy Threatens Future Of European Steel Industry

    • Date: 06/04/16
    • Carsten Dierig, Die Welt
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    To reduce CO2 emissions, the EU plans to cut emissions rights for the steel industry. According to the industry, this policy threatens its very existence. The planned reform of CO2 emissions trading in Europe threatens hundreds of thousands of jobs in Germany. This is the conclusion of a study by the research institute Prognos and commissioned […]

  • Out Of Europe: Steel Industry Plans Great Exodus

    • Date: 30/07/15
    • Carsten Dierig, Die Welt
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    Brussels wants to tighten the EU Emissions Trading Scheme. The steel industry threatens to move abroad. At first, Wolfgang Eder thought it was a joke. As he worked through his mail some time ago, the CEO of Austrian steel company Voestalpine had a letter from the American economy minister in his hand. In the letter, […]

  • Steel Production May Exit Europe Over Unilateral Carbon Policy, Mittal Warns EU Leaders

    • Date: 23/10/14
    • Aditya Mittal, The Wall Street Journal
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    If leaders set unreasonable green standards, production will shift to places with a far lower environmental bar. Soon after World War II a group of visionary leaders, recognizing the importance of steel to European prosperity, formed the European Coal and Steel Community. The ECSC would become an early precursor of today’s European Union. Six decades […]

  • European Industry Alliance Rebels Against ‘All-Renewable’ Hydrogen

    • Date: 25/06/20
    • EurActiv
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    The EU’s draft hydrogen strategy focuses too heavily on hydrogen produced from renewable electricity, says an industry alliance bringing together major oil and gas companies, as well as the steel and ceramics sector. A group of industries have rebelled against EU plans to prioritise renewables-based hydrogen, saying the fossil-based sort should also be promoted in […]

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