03
May
11:49
Ostrava sells emissions allowances, unions threaten court action
Liberty Ostrava has made CZK 260 million (€10.05m) profit on the sale of 1 million EU emission allowances to sister steelworks Liberty Galati. The proceeds will be used to pay Ostrava’s employees a special bonus to celebrate the company’s 70th Anniversary, with the remainder to be used on future investment projects, the Czech steelmaker says.
Romania-based Galati directly purchased the allowances for cash. The purchase was conducted at today&rsquo…
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Anonymous
Very good overview of the weekly steel market.
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