Brief: ArcelorMittal, thyssenkrupp Steel, Voestalpine Call For ETS Reform

ArcelorMittal SA

Wed 12:33

June 17 (Reuters) - ArcelorMittal SA MT.LU:
ARCELORMITTAL, THYSSENKRUPP STEEL AND VOESTALPINE CALL FOR PRAGMATIC ETS REFORM, TO SECURE THE COMPETITIVENESS OF EUROPEAN STEELMAKING AND HELP TO ACCELERATE DECARBONISATION
EU STEEL PRODUCTION COST EXPECTED TO RISE 50% BY EARLY 2030'S UNDER CURRENT ETS FRAMEWORK
COMPANIES ESTIMATE THAT WITHOUT REFORMS TO ETS, EU COULD FACE A 30-40% DECLINE IN STEEL‑INTENSIVE MANUFACTURING ACTIVITY
CALL FOR TEMPORARY PAUSE IN ETS COST ESCALATION UNTIL DECARBONISATION ENABLERS IN PLACE
CALL FOR ETS REVENUES TO BE DIRECTED TOWARD INDUSTRIAL DECARBONISATION
Source text: ID:nGNE3RTS6v
Further company coverage: MT.LU

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com ; +48 58 7785110;))