EU CBAM: will complex import rules raise steel prices?

MEPS International explores the roll-out of the EU’s carbon border adjustment mechanism (CBAM) so far, and the added complexity to come, in its latest Speaking of Steel podcast.

Market analysts from the steel price and insight provider discuss how stringent new requirements for accurate emissions data and the phase-in of carbon costs will add to the burden on importers and suppliers – potentially realigning Europe’s supply chains.

Joining MEPS managing editor Tom Sharpe in the studio for this episode from the steel market podcast series are MEPS’s head of price analysis and forecasts Kaye Ayub and steel market analyst Jonathan Carruthers-Green.

Each episode of Speaking of Steel will feature insight and analysis on a topic influencing steel prices, supply, demand and forecasts for key markets covered by MEPS’s global research.

Furthermore, subscribers to the Speaking of Steel podcast will also gain access to a ‘Market in Minutes’ report, filmed alongside each month’s episode, which focuses on a specific area of insight from one of MEPS’s main steel market review publications.

Listen to, or view, Episode One to benefit from:

• A detailed look at the timeline for CBAM’s roll-out and its milestone dates


• Discussion of the cost and administrative implications of the emissions-based import regulations


• Explanations of what an end to “default emissions” reporting and the launch of a new “carbon cost” system mean for the market


• The outlook for steel prices in light of CBAM’s influence on the European steel industry