The Carbon Border Adjustment Mechanism in the European Steel Industry

The European steel industry is at the forefront of developing a market for lower CO2 emission steel. New production processes are being implemented, new products are being offered, but the green steel market is lacking standardization at the same time. Standardization of carbon-accounted products is one of many items on the European Commission’s energy transition to-do list. The next action item is going to be the Carbon Border Adjustment Mechanism (CBAM), which is expected to affect the sources and prices of steel imports.

What do we know about the CBAM and how is Europe’s steel industry navigating the uncharted waters of green steel trading? S&P Global Commodity Insights Managing Editor Ferrous Metals EMEA Laura Varriale spoke with Senior Editor Flat Steel Europe Maria Tanatar and Head of Future Energy Outlooks Roman Kramarchuk.

Related content: EU Carbon Border Adjustment Mechanism to raise $80B per year by 2040 Europe's decarbonization focus sets region's steel sector in motion

Related price symbols: EHRSA00 - Platts European HRC Carbon-Accounted Steel Premium Eur/mt EHRSC00 - Platts Northwest Europe HRC Carbon-Accounted Steel Price Eur/mt

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