US Commerce Secretary Gina Raimondo said the country's trade representative is negotiating with the EU and other trading partners to conclude a new deal on green steel.
In addition to the environmental benefits, this could solve the problem of steel dumping from China, i.e. artificially underpriced, according to Yieh Corp.
This happened at the conference of the American Iron and Steel Institute (AISI).
Raimondo emphasized that if an agreement on green steel is reached, the world will supply more steel that meets higher environmental standards. It will also create new standards for products.
It is noted that China does not produce steel of the same standard, so it will be at a sales disadvantage.
"The United States will work to ensure that steel and aluminum tariffs continue to protect the domestic steel industry," the article says.
Earlier, EcoPolitic wrote, that in the USA, $6 billion will be allocated to accelerate decarbonization projects in energy-intensive industries, in particular in the production of steel, aluminum, cement, chemicals, ceramics, and paper.
As EcoPolitic previously reported, the European Commission is developing a law on industry with zero emissions, which is designed to speed up permitting procedures for key projects in 5 areas of "green" technologies.
