CBAM - Latest news GMK Center

The actual impact of the mechanism on Ukraine is significantly worse than the European Commission had forecast (-0.01% of GDP)

Ukraine does not have excess production capacity

The European Commission has acknowledged the issue regarding the use of default emission values, and it will be resolved in the near future

EUROFER and the business community warn: unless changes are made, the mechanism will encourage imports and put pressure on European producers

This mechanism could paralyze an industry that is critical to the country's defense

This issue will be raised at the political level for further resolution

Declining production, rising imports, and uncertainty surrounding the CBAM are jeopardizing the industry’s future

In particular, this will enable Ukrainian exporters to use actual data instead of default values

Ukrainian steelmakers, who are working under wartime conditions, note that they need a temporary exemption from the mechanism

Falling prices, rising energy costs and CBAM reshape production and export dynamics

Specifically, this involves adjusting export strategies

Due to the current shortcomings in procedures and the lack of necessary clarification from the European Commission, Ukrainian producers of green steel are already losing customers and contracts