[ EUROFER Warns EU Carbon Costs Could Hit €8.2 Billion Annually ]

Published: Sep 25, 2026 14:57 (GMT+8)

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The European Steel Association (EUROFER) warned that under the revised EU Emissions Trading Scheme, the regional steel industry's annual carbon emissions costs could surge from €3.4 billion in 2026 to €8.2 billion in 2031. Blast furnace production costs are projected to double, exceeding €200 per tonne from 2031 onwards as free allowances are phased out. The association cautioned that these escalating financial burdens render traditional ironmaking economically unviable, freezing at least 10 million tonnes of planned low-carbon capacity investments.

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