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CBAM - Latest news GMK Center

Photo – Germany will support EU plan to protect steel industry – steel summit
Germany will support EU plan to protect steel industry – steel summit

The German government wants to reduce energy costs for industry and give preference to European steel

Photo – Steel market disappointed by delay in setting CBAM benchmarks
Steel market disappointed by delay in setting CBAM benchmarks

The preliminary benchmarks are likely to change due to the link with the expected ETS benchmarks for 2026-2030

Photo – The revised CBAM rules are expected to be adopted in early December.
The revised CBAM rules are expected to be adopted in early December.

About a dozen acts on implementation remain to be finalized

Photo – How the US CBAM will affect the steel industries of different countries
How the US CBAM will affect the steel industries of different countries

The introduction of this mechanism will cause a collapse in steel exports to the US from China and Vietnam

Photo – EU to offer development funding to CBAM-affected countries
EU to offer development funding to CBAM-affected countries

The bloc intends to support adaptation needs through the Global Europe instrument

Photo – Egypt and EU discuss CBAM’s impact on exports and green transformation
Egypt and EU discuss CBAM’s impact on exports and green transformation

Cairo is working on programs to reduce emissions and attract green investments

Photo – ANNOUNCEMENT: Round table «CBAM: Challenges and opportunities for the Ukrainian industry»
ANNOUNCEMENT: Round table «CBAM: Challenges and opportunities for the Ukrainian industry»

The event will bring together representatives of government, business and the expert community

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

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