Overview
What are the cost implications?
What is required from steel producers?
What is the processfor steel importers?
The European Union (EU) is introducing a Carbon Border Adjustment Mechanism (CBAM) imposing taxes on carbon emissions for all steel imports commencing 1st January 2026.This cost is intended to match the cost and rate at which European steel producers lose their carbon allowances under the EU Emissions Trading System (ETS). Steel producers from outside the EU intending to export steel to the EU for arrival after 1st January 2026 will have to evidence their carbon emissions to be allowed to sell their product into the EU market, and on arrival in the EU those exports will suffer an import tax related to those carbon emissions. The legislation and technical requirements are detailed and complex. This workshop aims to lay out in simple language what is required from steel producers, what is the process for steel importers, and what the cost implications are. We will also touch on other protectionist measures which are already mooted, and indeed some of which may already be in place by the time we meet.
The workshop will be split into two halves as follows:
Steel Producers
What the legislation intends to achieve
What information steel producers must provide
How that information must be presented
How that information is ratified
Steel Importers
How the importer must register to be able to import
How the import must be presented
How the tax will be calculated
How the tax will be paid
Changes to Safeguard Measures, Anti-Dumping Investigations and Duties, and other protectionist measures.
This workshop should provide value to all steel manufacturers who may wish to export to the EU, especially at this time of tremendous oversupply from China and elsewhere
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