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CBAM - Latest news GMK Center

Photo – The EC is working on providing preliminary CBAM benchmarks – S&P Global
The EC is working on providing preliminary CBAM benchmarks – S&P Global

Businesses are awaiting information on emissions calculations to assess the impact of the mechanism

Photo – Assofermet calls for transitional measures under CBAM
Assofermet calls for transitional measures under CBAM

The association points to the current unavailability of benchmarks

Photo – Eurometal calls on the EU to take action on imports of steel derivatives
Eurometal calls on the EU to take action on imports of steel derivatives

These products often circumvent trade defense measures and CBAM, according to the association

Photo – The UK may conclude an agreement with the EU on exemption from CBAM – The Guardian
The UK may conclude an agreement with the EU on exemption from CBAM – The Guardian

The parties are currently considering a temporary agreement as a possibility

Photo – European steelmakers have again called on the EU to take immediate action to support the industry
European steelmakers have again called on the EU to take immediate action to support the industry

Representatives of the steel sector insist on the urgent implementation of the EU Action Plan for Steel and Metals

Photo – Eurometal calls on the EC to clarify CBAM rules without delay
Eurometal calls on the EC to clarify CBAM rules without delay

The association requests immediate publication of preliminary benchmarks and values

Photo – France demands protection of steel industry as a condition for supporting EU climate goals
France demands protection of steel industry as a condition for supporting EU climate goals

Paris is also seeking a review of the CBAM before it enters into force

Photo – Egypt’s Elmarakby Steel has publicly reported its emissions under CBAM
Egypt’s Elmarakby Steel has publicly reported its emissions under CBAM

The company is positioning itself to increase its competitiveness in the EU market

Photo – EU needs urgent measures to restore competitiveness of steel industry – EESC
EU needs urgent measures to restore competitiveness of steel industry – EESC

The European Economic and Social Committee presented its opinion on the EU Action Plan for Steel and Metals

Photo – Acquisition of Thyssenkrupp division could help Jindal Steel with European CBAM
Acquisition of Thyssenkrupp division could help Jindal Steel with European CBAM

Hypothetical European asset could offer a number of other advantages

Photo – European carbon market prepares for future changes
European carbon market prepares for future changes

In two weeks of September, carbon prices rose above €77/t

Photo – CBAM will affect steel exports from India much more than US tariffs – minister
CBAM will affect steel exports from India much more than US tariffs – minister

Government working on scheme to promote clean technologies in steel industry

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