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12 Aug
11:15

CBAM requires IT solutions, steel costlier: BCG/SAP study

New IT solutions will be essential to effectively implementing the Carbon Border Adjustment Mechanism (CBAM) and achieving European Green Deal goals. The cost of importing steel into the EU will rise significantly in the next decade, with the automotive and construction sectors seeing heavy downstream impacts, says a Boston Consulting Group (BCG) and SAP joint study. The European Commission calculates that importers will face additional costs of around €2 bil…
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