Government interference, even for the best of reasons, can have market-distorting effects. Take, for example, calls by European aluminum producers to be excluded from the European Union’s Carbon Border Adjustment Mechanism (CBAM) carbon border tax proposal. Do you know the five best practices of sourcing metals, including aluminum? European aluminum producers want out of CBAM […]
Search Results for: "border tax"
European steel producers clamor for early adoption of carbon border tax
Brussels must feel a little like the Dutch boy with his finger in the dike when it comes to emissions. No sooner do you create a solution to one problem – costing carbon dioxide emissions – than you create another – putting your domestic industries at a global disadvantage. The Financial Times reported on calls […]
Week in Review: Global steel production rises; record April for auto sales; China aluminum imports remain elevated
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including rising global crude steel production, automotive sector developments and much more: You want more MetalMiner on your terms. Sign up for weekly email updates. Week of April 26-30 (global steel production, […]
European steelmakers are at a challenging crossroads
Europe’s steel industry appears to be at a crossroads. Hurting before the coronavirus pandemic-induced lockdowns, the industry struggled with overcapacity, high costs, weak demand and competition from lower-cost sources (like China and Russia). The lockdowns decimated demand. Major consumers, like the automotive sector, which takes something like 20% of European production of flat-rolled steel, according […]