European carbon costs deliver final blow to British Steel

摘要

British Steel has become the latest victim of strongcarbon prices and rising energy costs, as the UK highcourt ordered its compulsory liquidation.A new buyer failed to materialise, despite thecompany having links to Liberty Steel.In the end, it was not falling steel prices or multi-year high iron ore prices that finally beat BritishSteel, owned by Greybull Capital, but the cost ofcarbon credits under the European Trading System.