EUROFER urges broader CBAM coverage and tighter steel rules

According to EUROFER, some imported products made from steel remain outside CBAM, potentially allowing foreign producers to avoid carbon costs by converting steel into finished goods before export to Europe. The association supports an Industry Committee amendment to add more steel-intensive products and separate amendments covering emissions from ferro-nickel and nickel pig iron used in imported stainless steel and closing the processing-and-re-export route. These are policy proposals; the supplied information does not establish that Parliament adopted them.

• EUROFER called on MEPs to close remaining CBAM loopholes before the European Parliament vote.
• Some imported steel-containing products are not currently covered by CBAM, according to EUROFER.
• EUROFER backs the European Parliament Industry Committee’s proposal to extend CBAM to additional steel-intensive products.
• It also supports counting emissions associated with ferro-nickel and nickel pig iron used in imported stainless steel.
• A further proposed change would address imported steel brought into the EU for processing and subsequently re-exported.

Outlook: The key issue is whether Parliament adopts the proposed amendments and, if so, how the final rules define covered downstream products, calculate emissions from stainless-steel inputs and treat processing followed by re-export. The supplied source does not provide the vote outcome.