At first glance, the carbon neutrality initiative could be considered harmful to the stainless steel industry, but there is actually a silveror should we say stainless lining to this cloud.
The Biden Administration has pledged to cut greenhouse gas emissions in the United States by 50% to 52% (based on levels recorded in 2005) by 2030. The administration has also pledged to reduce emissions to zero by 2050. This is called net CO2 emissions, but this does not eliminate all sources of CO2. If you consider that humans exhale CO2, the goal of reducing emissions is to benefit humans, rather than cause the extinction of the human race.
Want to read more of this months Stainless Steel World Americas market report? Find the full article by clicking the link: https://www.ssw-americas.com/webarticles/2021/06/02/a-silver-lining-in-carbon-neutrality-for-the-stainless-steel-industry.html