Finance
American Steel Still Not Clean Enough Say Industry’s Top Lenders
- Goldman, Citi among group to help steelmakers curb emissions
- U.S. steel industry is one of largest domestic polluters
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The banks financing the American steel industry have a message: You’re not very green, but we’re here to help.
While U.S. steelmakers have been quick to remind investors that their mills are among the cleanest in the world, including this week’s statement lauding a study that said they have the lowest emissions, their lenders say they’re not green enough and there’s still lots of work ahead.