10
Jan
16:44
German steel users fear high CBAM costs
The Carbon Border Adjustment Mechanism (CBAM) as proposed by the European Commission could cause extra costs of up to €2 billion ($2.27 billion) for German steel fabricators, a study says.
It was carried out by the Cologne Economic Institute (IW Köln), and commissioned by the steel and metals working industry federation Wirtschaftsverband Stahl- und Metallverarbeitung (WSM). The study finds that CBAM would protect steelmakers from foreign compe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous