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09 Oct
10:42

CBAM risks creating two-tier market: Assofermet meeting

The Carbon Border Adjustment Mechanism (CBAM) needs a major review. Its implementation in the current form will create two parallel markets, a high-end steel market of EU product made in an expensive sustainability policy environment, and a consumer market outside of Europe, says the founder of consultancy T-Commodity. Speaking at last week’s meeting organised by Italian steel trade association Assofermet in Rome, Gianclaudio Torlizzi said the right conditio…
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