The European Commission's new steel production plan may lead to a sharp increase in steel prices in Europe as quotas are reduced and the EU Carbon Boundary Regulation Mechanism (CBAM) comes into force, according to a press release from the European Association of Independent Metal Distributors (EURANIMI), published on Monday, October 27. both for CBAM and for new trade measures that will be expanded further.
As part of the "EU plan to address the negative effects of global trade-related overcapacity on the EU steel market", the negative effects of global overcapacity on the EU steel market related to trade.
Thus, the Commission proposes to introduce "appropriate and effective protective measures after June 30, 2026, which will contribute to the preservation of a competitive and sustainable EU steel industry," in line with proposals first introduced by Julia Bolotova, Laura Roberts
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