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Carbon Rules to Burden German Steel Companies, Handelsblatt Says


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Dec. 18 (Bloomberg) — European Union rules for carbon permits after 2012 will burden German steel companies with almost 200 million euros ($264 million) a year, Handelsblatt reported, citing unidentified people in government.

The new rules, agreed this week, will tax the steel, chemical, cement, paper, glass and aluminum industries, the newspaper said. ThyssenKrupp AG Chief Executive Ekkehard Schulz in a letter to the office of German Chancellor Angela Merkel

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