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EUROFER's Emphatic Entreaty & CBAM's Consequential Compass
Eurofer leads a major European industry coalition calling for the Carbon Border Adjustment Mechanism to cover downstream steel products like automotive parts and machinery. The current mechanism only applies to basic materials, leaving manufacturers exposed to cheaper imports from countries without carbon pricing. The European Commission is reviewing the mechanism's scope in 2026, and the coalition argues that expanding coverage could protect up to one hundred and eighty billion euros in annual European manufacturing output from unfair competition.
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