The final implementation of CBAM could lead to an increase in the price of imported steel by approximately 15%.
The cost of steel coming from non-EU territories may increase by up to 15%. This will have serious consequences for the entire Italian and European economy.
The transition period of carbon border adjustment mechanism will end at the end of 2025 and The European CBAM, after full implementation in 2034, will significantly increase the costs of steel imports from India and China.
CBAM tariffs from that period could increase the cost of steel delivered to the EU by around 56% for India and 49% for China. At the same time, according to the World Steel Association, these two countries account for 6% and 54% of global steel production.