The Environmental Protection Agency‘s Clean Power Plan took another hit this week and ArcelorMittal, the world’s largest steel company, beat expectations with its Q2 filing.
Fifth Circuit Blocks Clean Power Plan ‘Haze Rule’
The Fifth U.S. Circuit Court of Appeals’ recent block of the Environmental Protection Agency‘s regional haze plan for Texas and Oklahoma supports arguments that the agency overstepped its legal authority in crafting the overall Clean Power Plan, states challenging the rule told the D.C. Circuit on Wednesday.
We have extensively covered the clean power plan and its implications for U.S. manufacturers.
ArcelorMittal Beats Q2 Forecasts
ArcelorMittal, the world’s largest producer of steel, on Friday reported a better-than-expected core profit for the second quarter but kept its outlook for the full year unchanged. Core profit almost doubled in the second quarter compared to the same period last year to $1.77 billion, well above the $1.574 billion expected in Reuters poll of eight analysts.