Rathi Steel bags GreenPro certification for Fe 550 TMT rebars JSW Steel, POSCO form JV for 6 mtpa Odisha steel plant Global steelmakers still far from green transition CISA flags EU CBAM risks for Chinese steel exports
China’s steel industry is stepping up its response to the European Union’s Carbon Border Adjustment Mechanism (CBAM), as the China Iron and Steel Association (CISA) held a high-level symposium to assess its likely impact on exports. More than 140 participants attended, including major producers such as Baowu, Ansteel, HBIS, CITIC Pacific Special Steel, Nanjing Iron and Steel, Shagang Group, and Delong Steel Group.
With steel included in the first phase of CBAM, Chinese exporters are expected to face higher export costs and stricter carbon-footprint disclosure requirements. CISA noted that the EU remains an important market, making the financial and operational implications significant for steelmakers.
The discussions also highlighted the possibility of CBAM expanding to around 180 downstream steel- and aluminium-intensive products by 2028, including machinery, auto components, and home appliances. That could widen the pressure on China’s indirect steel exports, especially in value-added segments. Industry participants also raised concerns over default emission values, verification demands, data security, and limited regulatory clarity.CISA said it will compile industry feedback and submit policy recommendations, while China’s Ministry of Ecology and Environment confirmed ongoing technical talks with EU counterparts on emissions data recognition and carbon reporting systems.
Also Read : China lithium carbonate futures extend rally on supply concerns Oil prices near 3-week highs on Middle East tensions, China demand
Beekay Steel Industries remains under pressure as the stock continues to carry a Sell view bas...
Business 13-Apr-2026
Indian exports could have registered higher growth in January if the crisis in the Red Sea hadn't di...
Logistics 15-Feb-2024
According to a top corporate executive, NTPC Ltd, India's largest power generator, plans to go publi...
Large Corporate 06-Feb-2024
The state-run Indian Oil Corporation Ltd is in exploratory talks with the atomic power monopoly abou...
Large Corporate 04-Apr-2024
PM Modi launched India's first automobile in-plant railway siding project (of Maruti Suzuki) in Guja...
Automobiles 12-Mar-2024
ADNOC Gas, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has signed a 10-year agreement to...
Oil & Gas 30-Jan-2024