Final Thoughts
July 6, 2023
Final Thoughts
The ITC announced today it is taking up the fact-finding investigation requested by the US Trade Representative into greenhouse-gas emissions intensity in the US steel and aluminum industries. In steel, more than 50 products will be examined for their GHG emissions-intensity as of 2022. The study is set to be completed by Jan. 28, 2025.
This comes as the US and the EU try to come to a Global Arrangement on GHG emissions in steel and aluminum by October. Obviously, there is a discrepancy between the due date for the Global Arrangement and the deadline for the ITC study. Perhaps we’re about to see some version of “kick the can down the road” when it comes to an emissions agreement between Washington and Brussels?
