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

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…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…Read More