[SMM Stainless Steel Flash] European ETS Faces Mounting Pressure as Poland and Italy Call for Suspension and Abolition

Published: Mar 23, 2026 19:50

Save

The European Emissions Trading System (ETS) is under significant pressure from member states due to sharply rising energy costs driven by the tightening supply of certificates, with prices tripling from around €25/t CO2 in 2019 to approximately €75/t in 2025. With the ETS scheduled for a major revision by July 2026, several EU countries led by Italy recently called for the review process to be suspended. Last week, Polish President Karol Nawrocki went a step further, urging his government to advocate for the complete abolition of the ETS to prevent further industrial relocation outside the EU. Industry experts note that any modification, suspension, or national exemption of the ETS would have immediate and direct consequences for the Carbon Border Adjustment Mechanism (CBAM).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 hours ago

Indonesia's ESDM Announces New Nickel Ore HPM Benchmark Price — In-Depth Analysis of Impact on Nickel Prices

14 hours ago

16 hours ago

[SMM Analysis] Indonesia's HPM New Policy Pushes Up Costs: How Will the High-Grade NPI Market Change?

[SMM Analysis: Indonesia's HPM New Policy Pushes Up Costs — How Will the High-Grade NPI Landscape Change?] Recently, affected by Indonesia's nickel ore quota and HPM benchmark price adjustments, high-grade NPI production costs have seen a rigid increase. Combined with supply-side increments falling short of expectations and continued inventory destocking, market prices have fluctuated upward... The following is SMM's detailed analysis:

16 hours ago

18 hours ago

[SMM Stainless Steel Flash] Major China CR Stainless Producer Sees Profit Drop in 2025, Sets Higher 2026 Targets

A major Chinese cold-rolled stainless producer reported revenue of RMB 42.65 billion in 2025, up 11.88% YoY, while net profit fell 32.31% YoY to RMB 549 million. Cold-rolled stainless sales rose 7.67% YoY to 3.568 million mt. For 2026, the company targets sales of 3.8-4.0 million mt, revenue of RMB 45-50 billion, and net profit of RMB 585-750 million.

18 hours ago