CBAM - Latest news GMK Center

Kazakhstan exports over €600 million worth of steel and aluminium products to the EU every year

European steelmakers have noted many improvements proposed for the mechanism

CBAM and steel import quotas were designed to protect European producers, but now they risk hurting a future EU member’s industrial backbone

ArcelorMittal Kryvyi Rih has not yet been able to offset the loss of European export orders due to protectionism

Most countries are opposed to granting the European Commission overly broad powers to exempt certain goods from the scope of the CBAM

Regional governments could consider introducing carbon taxes, according to an expert

Investors expect that the regulatory changes will exempt imports of energy from renewable sources from the levy

Another key challenge is the readiness of domestic manufacturers to comply with European competition rules

Protectionism has always been one of the key challenges facing the Ukrainian steel industry over the past 20 years

The company notes that the European CBAM will not have a significant impact on them

The main challenges lie in working with the European Commission, while the European Parliament supports Ukraine's position

So far, the European Commission has avoided giving clear answers about the prospects for easing the mechanism for Ukraine.