[SMM Steel] EUROFER calls for CBAM refinements ahead of CO₂ price announcement

Published: Apr 6, 2026 19:11

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[SMM Steel] European Steel Association urged the EU to refine the Carbon Border Adjustment Mechanism before the first CO₂ price publication on April 7, 2026. The association called for expanding product coverage, closing loopholes, strengthening traceability, and accelerating decarbonization funding. EUROFER warned that without adjustments, CBAM may shift emissions outside Europe rather than reduce them, while failing to ensure fair competition for EU steelmakers.

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