Bell: Carbon Rules Must Not Penalize U.S. Steelmakers

While the United States and the European Union have been working to resolve their dispute over punitive tariffs on steel and aluminum and re-establish historical transatlantic trade flows, their focus has shifted away from Section 232 duties and towards a carbon-based sectoral arrangement.

SMA The plan: to negotiate a global agreement to address carbon intensity and steel overcapacity. Though still in its early stages, the idea is that both jurisdictions will align on ways to measure the life-cycle emissions from the steel and aluminum sector and place restrictions on high-emitting imports from other nations.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.