Threats to the Steel Supply Chain are Increasing
The first meeting was held with officials from the European Commission's trade department (DG TRADE). During this meeting, it was highlighted that the increasing imports, instead of production within the EU, are negatively impacting the European steel value chain, creating significant threats to sectors such as distribution, logistics, and processing. It was noted that this situation threatens 13.6 million direct jobs in Europe.
EUROMETAL also expressed concerns that the current Steel Action Plan does not adequately recognize or support these sectors and emphasized the need to give more attention to sub-sectors that play a significant role in Europe's green industrial transformation.
Demands for Transparency and Fairness in CBAM Implementation
The second meeting was held with the European Commission's tax department (DG TAXUD). This meeting addressed the challenges in implementing CBAM and questioned the effectiveness of the current procedures, especially for steel importers. EUROMETAL stated that the necessary TARIC codes for steel-based products should be included in the regulation, as this step is critical to preventing carbon leakage and maintaining the competitiveness of European producers.
The Commission shared that the technical regulations under CBAM will be completed by the end of 2025. EUROMETAL announced that it will continue to provide data support and suggestions to ensure the process runs smoothly.
Strong Collaboration with EU Institutions
EUROMETAL reiterated its commitment to strengthening cooperation with EU institutions and ensuring fair trade conditions for the steel sector. It stated that it will continue its efforts to protect EU-based steel supply chain actors and ensure the sustainability of the European steel sector.
Comments
No comment yet.