MEPS steel market analyst John Carruthers-Green will speak at a free online discussion hosted by Auditel on how UK companies can prepare for the introduction of the UK Carbon Border Adjustment Mechanism (CBAM).
The discussion will take place on Microsoft Teams on Thursday, November 19, from 10:00 to 10:45 GMT. Attendees will be able to ask questions at the end. Registration is free and available via Eventbrite.
The UK CBAM is due to take effect on January 1, 2027. It will impose a charge on carbon emissions embedded in imported materials, including steel. Last week, participants in MEPS discussions at the UK Metals Expo spoke about uncertainty surrounding the new rules and their potential implications.
Carruthers-Green believes that understanding the scheme’s requirements could help steel buyers reduce procurement costs.
“For steel buyers, reliable emissions data can have a significant impact on CBAM costs. If verified emissions are lower than the default values, there may be an opportunity to reduce the charge. But buyers need to understand whether suppliers’ data meets the scheme’s requirements,” he said.
Auditel’s dedicated CBAM team will discuss how UK companies can prepare and the long-term impact of the new rules. Carruthers-Green will offer a steel market perspective, drawing on information from MEPS contacts. MEPS publishes independent steel price data, forecasts and market analysis.
For companies that buy and import steel, the meeting will provide an opportunity to discuss how carbon costs could affect purchasing decisions and what steps still need to be taken.
MEPS regularly publishes coverage of the UK steel market in the European Steel Report.