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The European Steel Association (EUROFER) has warned that the European Commission’s latest proposals to tighten the EU’s Carbon Border Adjustment Mechanism (CBAM) acknowledge genuine structural gaps but do not yet deliver a comprehensive solution for the EU steel industry. EUROFER Director General Axel Eggert said identifying the shortcomings is only a first step, stressing that CBAM needs robust, “watertight” protections from the outset to support steel decarbonisation while preserving global competitiveness.
A core concern is export-related carbon leakage. EUROFER argues that the Commission’s export approach remains fragmented: measures are limited to two years, cover less than 25% of EU steel exports, and depend on uncertain financing for the proposed Transitional Decarbonisation Fund.
EUROFER also points to ongoing risks of circumvention, including “resource shuffling,” and warns that the enforcement approach appears insufficiently deterrent and overly dependent on later implementing rules. It further cautions that downstream coverage remains too narrow, leaving room for new loopholes across the value chain.
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