ArcelorMittal, thyssenkrupp Steel and voestalpine call for pragmatic ETS reform, to secure the competitiveness of European steelmaking and help to accelerate decarbonisation
Luxembourg, June 23 -- Three of Europe's leading steelmakers - ArcelorMittal Europe, thyssenkrupp Steel, and voestalpine - are today issuing a joint call for urgent, pragmatic reform of the EU Emissions Trading System (ETS), warning that without adjustments the current trajectory risks destroying Europe's industrial base.In an article published in the Financial Times, ArcelorMittal executive chairman Lakshmi Mittal articulated the companies' shared position on how the ETS needs to be reconsidered, to safeguard European steelmaking and all the industries it serves.Together, the three companies represent around 60% of Europe's integrated steel production, placing them at the heart of the EU's industrial value chains. All three have committed ...
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