Steel producers globally are attempting to slash the climate impact of an industry that accounts for about 8% of energy sector emissions

Alacero expressed "its concern regarding the process of regulation and implementation" of the EC's carbon border adjustment mechanism.

Robust steel exports from China have emerged as a major driver supporting steel production at a time when demand activity from the country's largest steel consumer -- the property sector -- has remained muted for the most part of this year.

Moody's Investors Services has upgraded Tata Group-backed leading steelmaker, Tata Steel's ratings to investment grade with a Baa3 issuer rating. Also, the rating agency has assigned the company's outlook to 'Stable' from positive. Further, it withdrew the com...

But the increase in sales prices has not been enough to offset rises in production costs, sources reported during the assessment period.

Over January-August, China's exports of semi-finished and finished steel increased by 30.6% on the year to 60.977 million mt.

“We have already had initial discussions with the major incumbent steelmakers in the US,” Chathu Gamage, principal at RMI said.

Such certification would help because the ferro-alloys industry is quite energy-intensive and is a key target for state-driven green development plans.