July 05, 2008

US steel industry at crossroads over climate change

According to Mr Keith Busse chairman of the American Iron and Steel Institute, the North American steel industry has made significant gains in recent years but is now at a crossroads.

Mr Busse while speaking at the 116th General Meeting of the AISI said that "Our industry has already reduced energy use per ton of steel shipped by 29% since the Kyoto baseline year of 1990, which also puts the 17% reduction by America's steel sector of greenhouse gas emissions significantly below Kyoto standards.”

He added that "We are actively investing in research and new technologies to sustain significant progress.”