MERCURY SWITCH DEAL MARKS MAJOR FINANCIAL WIN FOR STEEL INDUSTRY

EPA's recent agreement with the steel and auto industries under which the sectors created a $4 million fund to remove mercury-containing devices from cars destined for recycling may mark a major financial win for steelmakers, because the deal means they no longer have to comply with a rule that could have cost hundreds of millions of dollars to implement, according to steel industry and other sources. A steel industry representative says the agreement represents the most cost-effective way to remove...