15
Dec
15:27
Baowu tenders carbon credits as bonanza beckons
Baowu subsidiary Shaoguan Iron and Steel (Shaogang) has issued a tender for spare 300,000 Guangdong Emissions Allowances, Carbon Pulse reports. With a national carbon trading scheme beginning next year, some steelmakers are already benefiting from trading as a hidden subsidy, just as European steelmakers did before them, Kallanish notes.
Spot GEA prices are trading at around CNY 11 suggesting this tranche could be worth around CNY 3.3 million ($480,000). Earlier…
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Anonymous
Very good overview of the weekly steel market.
Anonymous