9,312.12 TL BIST 100 BIST 100
31.01 $ USD USD
€33.67 EUR EUR
43.40 TL Interest Interest
83.33 $ Fossil Oil Fossil Oil
22.96 $ Silver Silver
3.88 $ Copper Copper
117.35 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,022.47 TL Gold (gr) Gold (gr)

The impact of CBAM on the steel industry has been limited

According to a report from Taiwan's Ministry of Economic Affairs...

The impact of CBAM on the steel industry has been limited

European Union (EU) carbon taxes have reached a new high of 100 €/MT. This has caused manufacturers to worry that the Carbon Border Adjustment Mechanism (CBAM) tax at the Border and the cost of exporting EU products will increase.

Taiwan's Ministry of Economic Affairs stated that the European Union's carbon price has exceeded €100/MT due to the increase in the number of emissions in the electricity generation industry due to the increase in coal-fired electricity generation after the Russian and Ukrainian Wars.

The EU steel industry will benefit from 100% free nuclear distribution. After the official implementation of CBAM in 2026, the steel industry's rate of free nuclear distribution will decrease by only 97.5%. Therefore, 2.5% of the carbon content of export products will be charged to producers, where the producer will have a limited impact in the short run.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

US HRC imports decreased in 2023

Thursday, February 22, 2024

Latest on EU pipe quotas...China and some countries used full capacity

Thursday, February 22, 2024

Russia increased steel exports to India by 48 % in 2023

Thursday, February 22, 2024

Scrap and rebar prices decreased in Türkiye

Thursday, February 22, 2024

Approval of coal-based power capacity in China poses a risk to climate goals

Thursday, February 22, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now