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Flat Steel Hub has shared green solutions and CBAM strategies for the steel industry

Organized by IMC Organization at the 10th International Steel Industry and Production Technologies Conference, Flat Steel Hub Managing Partner Tuğba Cimenci shared important information about the company's activities and trade strategies.

Flat Steel Hub has shared green solutions and CBAM strategies for the steel industry

Based in Türkiye, the foreign trade steel company has been providing services with a network of more than 200 suppliers since 2019.

Cimenci talked about the company's product range in her speech, noting that they mainly trade flat products, stainless and carbon steel, as well as titanium and nickel alloys used in the petrochemical and medical industries.

Mr. Cimenci also explained CBAM (Carbon Border Adjustment Mechanism), which was established to prevent carbon leakage in the European Union. She explained that CBAM is a mechanism that aims to control the imports of companies producing within the European Union in order to reduce carbon taxes. Stating that the sector covers iron and steel, aluminum, cement, electricity, fertilizer and hydrogen as of May 2023, Cimenci added that the number of sectors may increase in the coming years and CBAM may have a wider scope by 2026. She emphasized that there are currently 6 sectors being covered.

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