[SMM Stainless Steel Flash] Turkey Overtakes Germany in Steel Output; High CBAM Default Costs Loom Without Real Data

Published: Feb 23, 2026 17:24

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According to the Stainless Steel Industry Association (PASSAD), Turkey's steel sector surpassed Germany in 2025 to become Europe's largest producer, but officials warned that the industry faces severe cost risks under the new CBAM regime (effective Jan 1, 2026) if companies rely on high default emission values (2.3 tons) instead of actual data (0.6-0.7 tons). To maintain competitiveness and meet net-zero goals by 2053, the sector requires $31.4 billion in investment, supported by the newly launched Turkey Industrial Decarbonization Investment Platform (TIDIP) and the upcoming Climate Law No. 7552.

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