Extend CBAM to more products, steel industry says

Lobby group Eurometal wants to extend the scope of the Carbon Border Adjustment Mechanism (CBAM) to entire families of steel products. Its call, dated 15 April, has already received the backing of 400 associations and companies, including steel producers, traders and processors. Proposals to extend the tax on carbon-intensive EU imports down the steel supply chain are currently being negotiated in Brussels, but the Commission’s plans would only cover 180 extra products. If the levy’s scope is not extended further, the group says it will be too easy to circumvent it by passing off one product as another.

EUROMETAL’s chair, Alexander Julius, said manufacturing is decreasing “slowly but surely” in the EU, adding: ”For some manufacturers, it is existential“. But sectors further downstream have other ideas.

The German association VDMA, which represents 3,500 mechanical construction and plant engineering companies, wants CBAM to be abolished, or its shortcomings addressed. In a 20 April op-ed, it said the Commission’s planned expansion risked , which needed inputs not available from EU suppliers.

Author: Mariette Thom

contexte.com

 

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