Liberty allays union’s concerns over Ostrava plant carbon allowance use

Liberty Steel's management has promised Ostrava steelworks in Czech Republic will retain its carbon emissions allowances, addressing trade union's fears they will be lent to another mill, Fastmarkets has learned.

On Wednesday April 14, OS KOVO trade union warned of a readiness to strike at Liberty’s Ostrava plant amid concerns stemming from market chatter and international media that implied Liberty Steel could consider lending the Ostrava plant’s carbon allowance to Romania-based Galati steelworks, which is also owned by Liberty.

Then on Friday, Czech Prime Minister Andrej Babiš held talks with Liberty Ostrava’s management members, according to a statement released by OS KOVO and seen by Fastmarkets. In the statement, the union said: "the management of Liberty Steel promised not to lend emission allowances to a Romanian sister company."...


Julia Bolotova

April 19, 2021

15:41 GMT