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CBAM in current form has no benefit for European stainless steel industry: CEOs

September 18, 2024 Comments Off

The European carbon border adjustment mechanism (CBAM) in its current form will not benefit the European stainless steel industry, a panel of executives from European stainless steel producers told delegates at the SMR Stainless Steel conference in Rome on Sept. 17. “CBAM is a bad instrument, it is wrongly conceived, it is almost impossible to apply, it is limited to…