Europe steel market stays stable amid CBAM and quota uncertainty

Europe’s steel sector has entered a period of heightened cost and competition pressure as the Carbon Border Adjustment Mechanism (CBAM) comes into effect and import quotas draw nearer. Producers are facing rising energy and raw material costs, while intensified competition on the import side is limiting the potential for domestic prices to move upward. This dual pressure has led to a clear “stability strategy” dominating the market.