CBAM

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Eurometal discusses CBAM issues with the EC

The EBA notes the need to include TARIC key codes in the mechanism

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Italy, France and Slovakia insist on amendments to CBAM

Countries call for reduction of red tape for companies

CBAM is the EU’s carbon border tax. What is it and how will it affect business?

The situation is almost catastrophic – both we and our European partners will lose from it

CBAM could hinder decarbonization of smaller steel players in India

SMEs will have difficulties due to financial and technological constraints

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As a result of CBAM introduction Ukraine may lose $7.2 bln of GDP by 2030

Export losses for the same period may amount to $4.7 billion, of which $3.3 billion refer to iron & steel products

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Losses of Ukrainian steelmakers due to CBAM may amount to $1.6 billion in 2030

Exports of rolled products and semi-finished products will suffer the most

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CBAM could result in a loss of $2.7 billion in investment for Ukraine in 2026-2030

Potential losses for domestic exports over 5 years could amount to $4.7 billion

Norway is preparing to introduce CBAM in 2027

The country's authorities seek to protect national industry and stimulate the reduction of CO2 emissions in the world

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Taiwan will submit a draft law on its own CBAM not earlier than H2 2025

The country intends to harmonize its mechanism with the WTO

Italy and France to jointly insist on prioritizing CBAM reform

The relevant ministries of the countries agreed on the urgency of revising the mechanism

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EUROFER call again for urgent improvement of CBAM

The EBA is concerned about the difference in timeframes for simplifying and increasing the effectiveness of the mechanism

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