High-Grade NPI Market Sentiment Intensifies, Prices to Fluctuate Relatively Stable With Strong Trend in the Short Term [NPI Daily Review]

The alliance argues that limiting CBAM to primary steel risks shifting carbon leakage further down the value chain, undermining both industrial activity and climate goals in Europe. The signatories are therefore calling for CBAM to be extended to downstream and steel-intensive products to prevent value creation from relocating outside the EU and to keep decarbonisation economically viable within Europe.

A broad coalition of more than 350 European steel producers, distributors, processors, downstream manufacturers, and 40 national associations has formally urged the European Commission and EU member states to take immediate action to protect the region’s steel and metals value chain from accelerating deindustrialisation. EUROMETAL said the initiative reflects an “unprecedented level of alignment” across the industry.

Outokumpu said that while the Carbon Border Adjustment Mechanism helps level the playing field, it is still not sufficient on its own to address import pressure and protect regional steel production. The company also emphasized the low carbon footprint of European stainless steel, arguing that trade measures and carbon policy need to work together to support industrial competitiveness.