[ArcelorMittal Urges EU to Extend CBAM and TRQs to Downstream Steel]

Published: Jul 2, 2026 15:28

Save

ArcelorMittal said the EU’s CBAM launch in January 2026 and TRQ changes in July 2026 are key first steps toward a fairer market for Europe’s low-carbon steel sector. However, it warned that rising imports of steel derivative products outside CBAM and TRQ coverage are weakening policy effectiveness, especially in electrical steels, automotive and packaging, and called for downstream products to be included."

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 for 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

1 hour ago

[SMM Hot-Rolled Coil Daily Trading Volume] Spot trading remains weak

[SMM Hot-Rolled Coil Daily Trading Volume] On July 2, the combined daily trading volume of hot-rolled coil among sample enterprises in SMM's four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 11,140 mt, down 220 mt (-1.8%) DoD, down 20.99% calendar YoY, and down 14.96% lunar YoY.

1 hour ago

[China Iron Ore Mine Briefing] Iron ore concentrates prices in the Tangshan area are likely to remain largely stable

1 hour ago

7.2 SMM Global Steel Daily Report

[Vietnam] Vietnam HRC centre falls under low-priced imports and weak demand Offers for 2mm SS400 and SAE1006 coil into Vietnam held at 540-550 USD/tonne CFR. Hoa Phat cut prices sharply this month, largely due to fierce low-priced import competition, plunging 34 USD/tonne from the prior month to 550-551 USD/tonne (delivered domestic port), which the market is now digesting. Vietnamese HRC is expected to stay under pressure near term. [India] Alang breaking scrap steady, finished-steel demand weak Indian Alang HMS (80:20) breaking scrap held at about 400 USD/tonne EXW. In Gujarat's Bhavnagar, billet fell to about 480 USD/tonne DAP and rebar held at about 539 USD/tonne EXW; in north India's Mandi, billet slipped to about 502 USD/tonne DAP, rebar eased to about 558 USD/tonne EXW, and HMS scrap dipped to about 413 USD/tonne DAP. With weak downstream demand and need-based mill buying, scrap prices may stay soft near term.

1 hour ago