Chinese steelmakers fall prey to Beijing’s climate target
TANGSHAN, China — In China, when top party officials set a goal, everybody follows. Beijing’s pledge to achieve carbon neutrality by 2060 has sent local officials scrambling to cut emissions, causing upheaval at steelmakers, with facility closures resulting in massive layoffs. HBIS Group, the nation’s No. 2 steelmaker, shut down its works in Tangshan in […]
