European Commission outlines transition to CBAM, excludes steel scrap

The European Commission has outlined the rules it intends to follow for the transitional phase of its Carbon Border Adjustment Mechanism (CBAM), which will be applied from October this year. But ferrous scrap and some ferro-alloys have been excluded, Fastmarkets understands.

The moves to exclude steel scrap from the CBAM come amid expectations of greater demand for EU-origin steel scrap in the coming years, when many steelmakers in the bloc transition...


Lee Allen

Julia Bolotova

August 17, 2023

17:50 GMT

Brussels, London