21
Sep
13:42
CBAM risks political backlash, hits Asian suppliers: WoodMac
The Carbon Border Adjustment Mechanism (CBAM) could add $275/tonne of cost for some key finished steel exporters to the EU, while the increased domestic production costs could lead to a political backlash, according to Wood Mackenzie.
In 2022, the average import price of steel products covered by CBAM was around $1,450/t. The CBAM fees could increase the cost of delivered steel to the EU by about 56%…
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Anonymous
Very good overview of the weekly steel market.
Anonymous