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CBAM may raise steel trade tensions, prices in ‘inevitable’ greening process: Alacero

October 24, 2023 Comments Off

The European Union’s Oct. 1 introduction of its Carbon Border Adjustment Mechanism, or CBAM — albeit in a transitional phase — risks heightening tensions in steel trade with Latin America, where a steel products imports flood is intensifying, Alejandro Wagner, executive director of Latin American Steelmakers’ Association Alacero, said in an interview. CBAM won’t have any immediate impact on Latin…