UK authorities have launched a consultation on the proposal to introduce from January 2027 a carbon border adjustment mechanism (CBAM) on imports into the UK of certain carbon intensive goods, including steel.
The closing date for comments is 13 June.
The UK announced the 2027 implementation timetable in December (see Kallanish passim). UK Steel said then that the failure to align with the EU’s CBAM timetable leaves the UK steel industry vulnerable.
All chapter 72 iron and steel products are proposed to be included under CBAM, excluding ferroalloys and scrap. Of the total value of £20.48 billion ($25.9 billion) of CBAM sector imports into the UK in 2023, iron and steel accounted for 58%, with 62.9% coming from countries linked to the EU ETS, according to UK HM Revenue & Customs data.
Adam Smith Poland
