One Shandong Nickel Producer Cuts Output in July on Raw Material Issues, SMM Learns

In August 2026, China's Consumer Price Index rose 0.8% YoY, while the Producer Price Index rose 3.8% YoY and 0.4% MoM.

EU Trade Commissioner Šefčovič responded on September 1 to a written parliamentary question asking why SMEs were not exempted from the dual burden of CBAM and the Steel Regulation, stating explicitly: "As SMEs represent a significant share of EU operators active in the steel sector, it is not possible to exempt them from the application of the Steel Regulation. This would otherwise undermine the effectiveness of the Steel Regulation." This means small and mid-sized stainless steel importers, processors, and distributors must simultaneously bear the 50% out-of-quota steel tariff and CBAM carbon costs, with the Commission explicitly framing the economic burden on SMEs as a necessary feature, not a flaw, of the policy design. Eurostat data shows large enterprises accounted for 61% of steel import value in 2023, with SMEs at 38.6%, yet no full cumulative impact assessment for SMEs has been published. Critics note the 50-tonne CBAM threshold effectively covers only occasional importers rather than genuine steel traders, and that exceeding the threshold triggers liability on the full annual import volume.