House bill would mandate emissions-intensity tariff on steel and iron imports

A group of House Democrats wants to introduce a tariff on foreign-produced iron and steel based on the greenhouse gas emissions associated with production as part of a bill that would offer a raft of incentives and government support to spur new iron and steel plant construction. “ The Modern Steel Act ,” introduced by Reps. Ro Khanna (D-CA), Summer Lee (D-PA) and 10 other House lawmakers, would establish new cost-share grants, tax credits and low-interest loans for zero-emission iron...