9,367.77 TRY BIST 100 BIST 100
34.56 USD USD USD
36.19 EUR EUR EUR
4.79 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

Latin American steelmakers are requesting an extension of the deadlines for adhesion to CBAM

Latin American steelmakers are requesting an extension of the deadlines for adhesion to the European Commission's Carbon Border Adjustment Mechanism due to issues with export product access.

Latin American steelmakers are requesting an extension of the deadlines for adhesion to CBAM

Latin American steelmakers are requesting an extension of the deadlines for adhesion to the European Commission's Carbon Border Adjustment Mechanism (CBAM). The Latin American Steel Association (Alacero) has stated that the current conditions will make it difficult for its members to comply with the required requirements for continued export product access to the EU, a major steel trade partner.

The association, along with national steelmaking and metal-producing associations from countries like Brazil, Mexico, Argentina, Colombia, and Ecuador, has expressed concerns about the regulation and implementation of the EC's CBAM. The CBAM is a carbon tariff imposed on carbon-intensive goods entering the EU in line with EU Green Deal legislation, set to be fully effective in 2026. The CBAM transition period is set to start from October 1 this year and continue until December 31, 2025.

However, guidance documents for CBAM were published only between August 17 and 22, and proposed training courses will be announced from October 5. The EC website on the CBAM methodology is also said to be confusing and incomplete, causing increased administrative processes and economic costs, affecting developing regions in an unequal manner.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now