CBAM News — GMK Center

The annual cost of the CBAM for exports of steel products from Kazakhstan could exceed €100 million

Masha Malonog — Mon, 15 Jun 2026 11:46:32 +0000

Exports from Kazakhstan’s steel sector to the EU could face annual costs of over €100 million under the Carbon Border Adjustment Mechanism (CBAM). This was discussed during the presentation of a report on the country’s readiness for CBAM. It was presented last week by the International Trade Centre (ITC) – a joint agency of the […]

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The EU is tightening the rules on suspending the CBAM

Masha Malonog — Mon, 15 Jun 2026 10:20:36 +0000

On 12 June, EU countries agreed to limit the circumstances under which the bloc may suspend the collection of carbon levies on imports under the Carbon Border Adjustment Mechanism (CBAM). This was reported by Reuters. The bloc’s economy and finance ministers backed these plans by a majority vote, though Slovakia, Romania and Lithuania opposed them. […]

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Ukrainian steel sector has withstood war, but now it needs Europe’s fairness

gembarska94 — Thu, 11 Jun 2026 05:00:51 +0000

I’d like to reflect on the recent study at GMK Center of challenges that European and Ukrainian steelmakers are facing. For more than four years, Ukraine’s steel industry has worked in conditions that would have stopped many businesses elsewhere: missile and drone attacks, blackouts, broken logistics, a shortage of skilled people, and production sites operating […]

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Yulia Proskurova: The combined impact of the new quotas and the CBAM could destroy Ukraine’s steel industry

Masha Malonog — Mon, 08 Jun 2026 06:36:19 +0000

The CBAM and the EU’s new safeguard quota system are hitting Ukraine’s steel industry from two sides at once. ArcelorMittal Kryvyi Rih—the country’s largest steel producer—has already lost 300,000 tons of European orders in the first quarter of 2026 alone. In the worst-case scenario, the total losses of Ukrainian exporters could exceed $1 billion per […]

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EU finance ministers are considering the possibility of agreeing on amendments to the CBAM

Masha Malonog — Fri, 05 Jun 2026 09:43:02 +0000

EU finance ministers are seeking to agree on a common position regarding legislative amendments to the CBAM. These amendments provide for extending the scope of the mechanism to cover a wider range of downstream products and introducing measures to prevent circumvention of the rules. The final amendments also more clearly define the European Commission’s powers […]

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Africa has not been adequately involved in the CBAM discussions – UNECA economist

Masha Malonog — Thu, 28 May 2026 14:36:32 +0000

Africa was not adequately involved in the discussions regarding the European Carbon Border Adjustment Mechanism (CBAM). This view was expressed by Hanan Morsi, an economist and Deputy Executive Secretary of UNECA (the United Nations Economic Commission for Africa), during the annual meeting of the African Development Bank (AfDB), according to African Business. “Part of our […]

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The CBAM is causing instability in the Western Balkans’ electricity markets

Masha Malonog — Mon, 25 May 2026 10:05:52 +0000

The European Carbon Border Adjustment Mechanism (CBAM) is introducing instability into the Western Balkans’ electricity markets. This was discussed at the Belgrade Energy Forum 2026, which took place last week, according to Balkan Green Energy News. As noted, the CBAM has cast doubt on their integration with the EU market and increased uncertainty regarding investments […]

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Ukraine needs strong protection for its domestic market, – experts

Masha Malonog — Fri, 22 May 2026 09:04:04 +0000

Ukraine needs strong protection for its domestic steel market, and this requires joint efforts by the business community and the government. This was discussed during the conference “Trade Wars: The Art of Defense,” organized by the law firm Ilyashev & Partners in collaboration with Done. Ukrainian MP Oleg Dunda emphasized that Ukraine’s accession to the […]

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EU trade restrictions could bring steel exports from Ukraine to a complete halt

Masha Malonog — Fri, 22 May 2026 08:49:31 +0000

The Ukrainian steel industry is one of the few sectors that, despite the war, has maintained its production capacity and market position abroad. However, it now finds itself at the epicenter of global protectionism, and the threats on this front are no less serious than those on the front lines. The introduction of CBAM, a […]

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JSW Steel is accelerating its capacity expansion in India

Masha Malonog — Tue, 19 May 2026 13:01:54 +0000

Indian steelmaker JSW Steel expects to require minimal external capital to support its plans to double its capacity in India. The company’s co-managing director, Jayant Acharya, made this statement in an interview with The Economic Times. According to him, this expansion is crucial for the company to maintain its share of the domestic steel market, […]

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Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy

Masha Malonog — Fri, 15 May 2026 08:00:29 +0000

The entire past year was marked by constant reminders from major Ukrainian businesses to Ukrainian officials about the approaching year 2026—the deadline for implementing the CBAM. Deadlines kept shifting until the very last moment, when it finally became clear: Ukraine would receive no relief from the mechanism—neither in the form of a delayed implementation date […]

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The European Parliament has begun discussing a CBAM deferral for Ukraine

Masha Malonog — Wed, 13 May 2026 09:46:53 +0000

At a meeting of the European Parliament’s Committee on the Environment, Public Health and Food Safety (ENVI), MEPs publicly raised the issue of a special approach toward Ukraine under Carbon Border Adjustment Mechanism (CBAM) for the first time. The discussion followed the rejection of a request to postpone CBAM implementation for Ukraine. This is noted […]

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Business associations have called on the EC to adopt a special CBAM approach for Ukraine

Masha Malonog — Wed, 13 May 2026 07:53:10 +0000

The Ukrainian Union of Industrialists and Entrepreneurs (UUIE), Ukrmetallurgprom, the Union of Chemists of Ukraine, the Ukrcement Association, and the All-Ukrainian Union of Building Materials Manufacturers have appealed to European Commission President Ursula von der Leyen, calling for a special approach to the application of the Carbon Border Adjustment Mechanism (CBAM) with regard to Ukraine. […]

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The EU is changing its rules on steel imports: what this means for Ukraine

Masha Malonog — Wed, 13 May 2026 07:13:40 +0000

The European Union is preparing new rules for access to the steel market, which poses additional challenges for Ukrainian exporters. Against the backdrop of the implementation of the CBAM mechanism and new protective measures, questions arise regarding the survival of the domestic mining and steel sector and the logic of European integration amid the war. […]

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The Ukrainian steel industry and European integration: areas of conflict

Masha Malonog — Tue, 12 May 2026 06:02:19 +0000

The Ukrainian steel industry has found itself at the center of regulatory and trade transformations linked to the country’s push toward European integration. During his speech at the forum “Regional dialogues with business on European integration: the steel sector,” Deputy Prime Minister Taras Kachka outlined the key challenges: from quota disputes and the CBAM mechanism […]

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EU producers are calling for the CBAM to be extended to the processing sectors

Masha Malonog — Tue, 05 May 2026 11:32:23 +0000

European producers are stepping up pressure on EU regulators to expand the CBAM mechanism to cover the processing sectors, including steel and aluminum products. This position is outlined in a joint statement by industry associations led by EUROFER. The document emphasizes that the current CBAM model covers only basic materials and does not account for […]

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Ukraine is negotiating with the EU regarding a possible exemption for the steel industry from the CBAM

Masha Malonog — Thu, 30 Apr 2026 10:51:11 +0000

Ukraine is negotiating with the EU regarding a possible exemption for its steel industry from the CBAM. This exemption, if granted, would be an unprecedented step, noted Yuriy Ryzhenkov, CEO of the Metinvest Group, in an interview with Politico. As the publication notes, the negotiations are taking place amid warnings from Ukrainian companies that the […]

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Ukraine is working to mitigate the impact of the CBAM on its exports

Masha Malonog — Thu, 23 Apr 2026 07:36:12 +0000

Ukraine is working to mitigate the impact of the CBAM on domestic exports. The issue was discussed with representatives of the European Commission at the EU-Ukraine Business Summit in Brussels, according to Oleksiy Sobolev, Minister of Economy, Environment, and Agriculture. According to him, a meeting took place with Gerassimos Thomas, Director-General of the Directorate-General for […]

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From strength to vulnerability: Ukraine’s steel sector in 2025

Masha Malonog — Thu, 23 Apr 2026 06:00:41 +0000

Ukraine’s iron and steel sector continues to be negatively impacted by the war, as evidenced by a further decline in production volumes and a reduction in the sector’s contribution to the country’s GDP. This is stated in the GMK Center’s study, “The contribution of the iron and steel sector to Ukraine’s economy in 2025.” Steel […]

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Ukraine and Sweden have agreed to simplify the accreditation process for CBAM verifiers

Masha Malonog — Mon, 20 Apr 2026 07:53:06 +0000

Ukraine and Sweden have agreed on approaches to simplifying the accreditation procedures for verifiers under the European Cross-Border Carbon Adjustment Mechanism (CBAM). This was reported in a statement from the Ministry of Economy. The changes were discussed at a working meeting attended by Oleksandr Krasnolutskyi, Deputy Minister of Economy, Environment, and Agriculture of Ukraine, the […]

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The European CBAM immediately hit Ukrainian steel exports

Masha Malonog — Fri, 17 Apr 2026 08:20:31 +0000

Ukrainian steelmakers say the EU’s new carbon tax under the CBAM is prompting European customers to cancel orders, threatening one of the country’s most important sources of export revenue. This is reported by Politico. Ukrainian steel companies, which are grappling with the consequences of Russia’s full-scale invasion, note that they need a temporary exemption from […]

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Ukraine’s iron ore mining sector remains under pressure in 2026

gembarska94 — Fri, 17 Apr 2026 06:00:44 +0000

The Ukrainian iron ore market in 2025 experienced a decline in both production and export volumes. Production decreased by 3.4%, while exports fell by 3.3%. The negative trend intensified in 1Q 2026, with iron ore exports dropping by 33.9% year-on-year. The sector continues to face substantial structural challenges. One of the key pressures is the […]

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Chinese steelmakers are coordinating their efforts in response to the European CBAM

Masha Malonog — Thu, 16 Apr 2026 09:49:38 +0000

China’s leading steel producers are coordinating their efforts in response to the full implementation of the European Union’s Carbon Border Adjustment Mechanism (CBAM), according to the South China Morning Post. This involves adjusting export strategies, compliance systems, and pricing models. As noted by Jiang Wei, vice chairman and secretary-general of the China Iron and Steel Association […]

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Issues with the application of the CBAM regulation and default values for the EAF, and the negative impact on exports to the EU

Masha Malonog — Tue, 14 Apr 2026 10:55:52 +0000

Andriy Ostapets, Director of Environmental and Industrial Safety at Interpipe, discussed these and other challenges related to the full implementation of the Carbon Border Adjustment Mechanism (CBAM) during the roundtable discussion “The impact of CBAM on Ukraine’s economy and mining and steel sector, 2026–2030.” GMK Center presents the key points of his speech. Incomplete default […]

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How CBAM is reshaping Centravis’s position in the European market

Masha Malonog — Fri, 10 Apr 2026 06:39:38 +0000

CBAM is becoming a critical factor for Ukrainian exporters, particularly for Centravis, whose business relies heavily on the EU market. The new requirements have not only created financial risks but also increased pressure from customers, competitors, and the regulatory environment. This was reported by Centravis Strategic Planning Manager Luca Di Santo during the roundtable discussion […]

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Challenges in verifying emissions for reporting under the CBAM

Masha Malonog — Thu, 09 Apr 2026 06:56:28 +0000

One of the biggest challenges domestic producers face when submitting CBAM reports is the lack of accredited verifiers in Ukraine. This was stated by Yaroslavna Blonska, Acting Marketing Director of the Ferrexpo Group, during the roundtable discussion “The Impact of CBAM on Ukraine’s economy and the steel sector in 2026–2030,” organized by the GMK Center. […]

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The first few months of CBAM implementation have already had a negative impact on the Ukrainian steel industry

Masha Malonog — Wed, 08 Apr 2026 05:30:25 +0000

The European Carbon Border Adjustment Mechanism (CBAM) has become one of the most pressing threats to Ukraine’s iron and steel sector. Despite warnings from members of parliament, industry associations, and think tanks, the Ukrainian government has failed to convince the European Commission that Ukraine needs a delay in the implementation of CBAM or an exemption […]

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The European Commission has published the first quarterly price for CBAM certificates

Masha Malonog — Tue, 07 Apr 2026 13:18:25 +0000

The European Commission has officially set the reference price for the Carbon Border Adjustment Mechanism (CBAM) certificate for the first quarter of 2026 at €75.36 per ton of CO2. This is stated in a press release from the Directorate-General for Taxation and Customs Union (DG TAXUD). This announcement provides the first clear indication of the […]

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In Q1 2026 ArcelorMittal Kryvyi Rih lost 300,000 tons of steel exports due to CBAM

Galina Yermolenko — Tue, 07 Apr 2026 07:46:10 +0000

The European Commission has applied CBAM to Ukraine without any exemptions, significantly undermining the competitiveness of Ukrainian steel producers. In the case of ArcelorMittal Kryvyi Rih, additional CBAM-related costs of $60–90 per ton have led to order cancellations and a loss of access to the European market. This was reported by Mauro Longobardo, CEO of […]

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CBAM does not take into account the structure of steel production in Turkey – EDDMİB

Masha Malonog — Mon, 06 Apr 2026 14:25:50 +0000

The default emission values announced by the EU under the Carbon Border Adjustment Mechanism (CBAM) do not adequately reflect Turkey’s low-carbon production structure. This was emphasized by Yalçın Ertan, president of the Aegean Region Ferrous and Non-Ferrous Metals Exporters’ Association (EDDMİB), according to SteelRadar. The association believes the current approach undermines competitiveness and has called […]

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EUROFER has called for further refinement of the CBAM before the publication of CO2 prices

Masha Malonog — Mon, 06 Apr 2026 09:32:24 +0000

The European Steel Association (EUROFER) has released proposals for urgent revisions to the EU’s Carbon Border Adjustment Mechanism (CBAM) ahead of the publication of the first carbon credit prices. This marks a new phase in the mechanism’s operation, as on April 7, 2026, the European Commission is set to announce the CO2 price that importers, […]

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Why Ukraine needs a CBAM delay – and why the EU got it wrong

gembarska94 — Thu, 02 Apr 2026 06:00:58 +0000

GMK Center has been tracking the CBAM file since 2020, when the mechanism was still just a proposal. Today it’s law. And our early read on it has held up: CBAM is a hard trade barrier. For Ukrainian producers of long steel and semi‑finished products, competitiveness in the EU market has already taken a visible […]

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The impact of the CBAM on iron and steel sector and the Ukrainian economy

Masha Malonog — Wed, 01 Apr 2026 09:00:40 +0000

The EU’s Carbon Border Adjustment Mechanism (CBAM) has already become not only a climate policy tool but also a significant trade barrier for Ukraine’s steel industry. According to GMK Center estimates, the cumulative impact of CBAM on the ferrous steel sector and related supply chains alone could result in a loss of 2.1% of Ukraine’s […]

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CBAM to сut Ukrainian iron and steel exports by 2.5 mln t by 2030

gembarska94 — Wed, 01 Apr 2026 05:00:19 +0000

Ukrainian steel and iron exports to the EU face a diverging outlook under the carbon border adjustment mechanism (CBAM), with long products and square billet exposed to an immediate competitiveness shock with potential export losses of 2.5 million tons, according to a study of GMK Center which can be downloaded via the link. Ukrainian HRC […]

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CBAM to cost Ukraine 2.1% of GDP by 2030

gembarska94 — Tue, 31 Mar 2026 10:08:01 +0000

The EU Carbon Border Adjustment Mechanism will impose significant losses on the Ukrainian economy, with GDP declining by 2.1% by 2030 solely from reductions in iron and steel, incl. supply chains, according to a comprehensive study by GMK Center. This projection stands in stark contrast to the European Commission’s estimate of a -0.01% GDP impact. […]

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Ukrainian exporters need an action plan regarding the European CBAM – Metinvest

Masha Malonog — Tue, 31 Mar 2026 09:49:33 +0000

Modernized Ukrainian enterprises are already able to compete with European ones in terms of costs, but there are a number of obstacles to exporting steel products to the EU, in particular the European Carbon Border Adjustment Mechanism (CBAM). This was stated by Olexander Vodoviz, Head of the Office of the CEO of the Metinvest Group, […]

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ANNOUNCEMENT: Green Steel Summit 2026

Masha Malonog — Tue, 31 Mar 2026 07:11:18 +0000

The Green Steel Summit 2026 will take place on May 7 in Istanbul, Turkey. The event is organized by SteelData, an online portal providing statistics on the global and Turkish steel industry. The global steel industry is currently undergoing the most profound structural transformation in its history. With the introduction of the European CBAM and […]

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EU protective measures and the CBAM will contribute to rising steel prices – Eurometal

Masha Malonog — Wed, 25 Mar 2026 09:11:45 +0000

Upcoming EU safeguard measures on steel imports and the Carbon Border Adjustment Mechanism (CBAM) could lead to rising prices for steel products in Europe. This was stated by Eurometal President Alexander Julius at the Eurometal Steel Day & YISAD Flat Steel Conference, according to SteelOrbis. According to him, the bloc’s new protective measures, which are […]

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Turkey and the EU discussed the technical aspects of implementing the CBAM

Masha Malonog — Mon, 23 Mar 2026 13:18:37 +0000

At a working group meeting held last week, Turkey and the European Union discussed, among other things, the technical aspects of the Carbon Border Adjustment Mechanism (CBAM). This was reported by Hürriyet Daily News, citing the country’s Ministry of Trade. The meeting was co-chaired by Deputy Minister of Trade Mustafa Tuzcu and Gerasimos Thomas, Head […]

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The PMGU has called for solutions regarding CBAM exemptions for Ukraine

Masha Malonog — Mon, 23 Mar 2026 08:16:15 +0000

The Trade Union of Steelmakers and Miners of Ukraine (PMGU) has called for urgent solutions regarding exemptions for Ukraine from the application of the European Cross-Border Carbon Adjustment Mechanism (CBAM). Corresponding letters have been sent to the heads of Ukraine’s state bodies, including Prime Minister Yulia Svyrydenko and relevant ministers, National Security and Defense Council […]

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EU regulations pose a challenge for Ukrainian industry – Metinvest

Masha Malonog — Tue, 17 Mar 2026 10:53:50 +0000

Currently, the European Union expects Ukraine to implement European legislation; however, this could pose serious challenges for certain industries, particularly the steel industry, which may be at risk due to stringent regulatory requirements. This was stated by Olexander Vodoviz, Head of the CEO’s Office at Metinvest, during the event “Dialogues on the Future: Business and […]

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CBAM could cost Montenegro €191 million per year – EPCG

Masha Malonog — Thu, 12 Mar 2026 13:35:02 +0000

Montenegro’s annual expenditure on the European Carbon Border Adjustment Mechanism (CBAM) could amount to €191 million, according to a warning from state-owned electricity producer EPCG. The carbon tax applies to energy-intensive and carbon-intensive industrial goods such as steel, cement, and aluminum, as well as to cross-border electricity trade, which is the main export item in […]

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The EC will publish the first quarterly price of CBAM certificates in April

Masha Malonog — Mon, 09 Mar 2026 10:38:52 +0000

The European Commission will soon publish the first quarterly price of Carbon Border Adjustment Mechanism (CBAM) certificates. This is stated in a press release from the Directorate-General for Taxation and Customs Union (DG TAXUD). As noted, importers of CBAM goods will have to purchase the relevant certificates from February 2027 to cover their imports for […]

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ArcelorMittal Kryvyi Rih forced to suspend production at LMZ

Masha Malonog — Fri, 27 Feb 2026 14:03:23 +0000

ArcelorMittal Kryvyi Rih PJSC announced the forced suspension of production activities at its subsidiary, Foundry and mechanical plant LLC (LMZ). This was stated in the company’s press release. The decision will take effect three months after the date of announcement. The company justified it by the current economic and market conditions in which the company […]

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Future expansion of CBAM poses risks to steel demand in the EU

Masha Malonog — Fri, 27 Feb 2026 11:56:39 +0000

In 2026-2028, before the planned expansion of the cross-border carbon adjustment mechanism, there may be a significant risk to steel demand at the lower end of the supply chain. This was discussed at a meeting between Eurometal and Assofermet Southern Europe in Milan, according to Argus Media. Participants at the meeting suggested that the current […]

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