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CBAM - Latest news GMK Center

Photo – EU duty abolition helped Ukrainian steel industry to survive the war, — Andriy Kryl
EU duty abolition helped Ukrainian steel industry to survive the war, — Andriy Kryl

There are hopes that the relatively free access of Ukrainian companies to the European market will be preserved

Photo – Japan and South Korea to cooperate in CBAM consultations
Japan and South Korea to cooperate in CBAM consultations

Steel producers and exporters see confusion around reporting as one of the problems

Photo – Overcoming CBAM challenges for Ukraine and the EU
Overcoming CBAM challenges for Ukraine and the EU

Solving the existing problems depends on cooperation between Ukrainian and European authorities

Photo – CBAM pushes other countries to introduce similar fees – IETA
CBAM pushes other countries to introduce similar fees – IETA

Some of the states are likely supporters of the mechanism

Photo – Italy to discuss amendments to CBAM with the EU
Italy to discuss amendments to CBAM with the EU

The Italian Parliament approved a proposal obliging the government to cooperate with Brussels

Photo – CBAM will increase the export value of Chinese steel products by 4-6%
CBAM will increase the export value of Chinese steel products by 4-6%

Chinese experts see green transformation of steel industry as key to industry growth

Photo – ANNOUNCEMENT: Fastmarkets International Iron Ore&Green Steel Summit 2024
ANNOUNCEMENT: Fastmarkets International Iron Ore&Green Steel Summit 2024

The conference will discuss the future of the iron ore market and the impact of CBAM on steel production in Europe and beyond

Photo – Kazakhstan assesses risks for exporters under CBAM
Kazakhstan assesses risks for exporters under CBAM

According to QazTrade, the EU accounts for 39% of Kazakhstan's exports

Photo – UK launches consultations on introducing its own CBAM in 2027
UK launches consultations on introducing its own CBAM in 2027

The government has proposed seven duty rates – for each individual sector to be covered by the mechanism

Photo – European CBAM shows first reporting problems
European CBAM shows first reporting problems

Only a small number of companies met the deadlines for submitting the first reports under the mechanism

Photo – ANNOUNCEMENT: Kallanish Europe Steel Markets 2024
ANNOUNCEMENT: Kallanish Europe Steel Markets 2024

In 2024, steel companies will assess the real impact of CBAM on the industry

Photo – Will CBAM protect the European steel industry
Will CBAM protect the European steel industry

14 countries appealed to the European Commission to protect the steel market before the start of CBAM

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