T.V. Narendran, the CEO of Tata Steel, has shed light on the potential impact of an EU carbon tax on the efforts to produce green steel. He expressed concerns about the implications that such a tax could have on the steel industry’s transition to more sustainable practices. Narendran emphasized the need for a balanced approach that considers the economic viability of green steel production.
In addition, Narendran discussed the current state of China’s economy and its influence on the global steel market. He acknowledged that China’s recovery from the COVID-19 pandemic has been resilient and robust, contributing to increased demand for steel. This surge in demand has not only resulted in higher prices but has also put pressure on the global supply chain.
Hashtags: #TataSteel #carbonemissions #greensteel #sustainability #EUcarbontax #Chinaeconomy #steelindustry
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