Impact of Environmental Policies on the Steel Industry: EU Showcase

The cost implications of environmental legal framework remain increasingly acute for global steelmakers in the light of tightening regulations. EU steel industry was the first to face additional legally imposed costs. In 2016, EU carbon market is forecasted to turn into deficit for first time because of reduction in the number of free allocations. Coupled with sliding steel prices amid exuberant cheaper steel supply from China, it is expected to result in EU steel makers potentially struggling to absorb the new costs in the light of thinning margins. In this webcast Roman Kucinskij, consultant with Metal Bulletin Consultancy will address: •The development of CO2 emissions and carbon intensity for steel making sector • What is the estimated cost impact of the environmental regulations for EU steel sector? • Which are the most environmentally savvy steelmakers in the EU?