/biz/ - Business & Finance

>>57448495
Thank you. Why do they want "green steel" if water vapor is a greenhouse gas? co2 is also so they figure it's progress? Very confused.

>depopulist
The funny thing to me is that steel is basically one of the foundations of society at this point and it CAN'T stop being made or else we would have to slow growth dramatically. It's like the people who say we're supposed to not use fertilizer when half the nitrogen molecules in our bodies are man-made (and require processing ammonia, often using fossil fuels, to accomplish). If we stopped doing that, half the world starves.

>. The only economic benefit I see is gov subsidy hunting, like was seen past couple of years with the "inflation reduction" act. Infrastucture spending tends to be bipartisan, but progressives like to add on climate-focused reqs.
One thing that surprised me about Biden was that he really didn't go that much back on the import tariffs on steel. I mean, he did roll things back some, but, it wasn't a free for all. I think Trump would be more aggressive at supporting local steel, but, Democrats aren't the globalists they once were.

https://www.wsj.com/politics/policy/us-europe-trade-relations-849fe23a?mod=Searchresults_pos2&page=1
( https://archive.is/03Yrn )

It makes me think steel prices might start to lift, especially considering all these infrastructure projects in the pipeline. And the electrification of automotive process is going to take a lot of steel...grids will need a lot of work.