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    June 29, 2021

    Goncalves: Carbon Border Mechanism Could Replace Section 232

    Written by David Schollaert

    The dilemma is global warming, CO2 is just the proxy, Cleveland-Cliffs Inc. President and CEO Lourenco Goncalves said during the opening keynote speech at CRU’s Steel Decarbonization Strategies 2021 Virtual Conference.

    cliffs natural resourcesCliffs’ top executive took a strong stance during his talk—which opened the first major event devoted exclusively to the topic of decarbonization in the steel industry—by lauding the efforts already undertaken by U.S. steelmakers. He said domestic producers have provided a roadmap for steelmakers in the rest of the world to follow as they look to lower the industry’s carbon footprint and, eventually, to emit no carbon at all.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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