Author: Nabeera
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EU: Steel industry’s annual carbon costs could rise to EUR 8.2 billion by 2031
Conventional BF steel carbon costs could exceed EUR 200/t by 2031 EUROFER urges slower phase-out of free EU ETS allowances The European steel industry’s total annual carbon costs could more than double from around EUR 3.4 billion ($3.86 billion) in 2026 to approximately EUR 8.2 billion ($9.32 billion) in 2031 under the proposed revision of…