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Understand the future of steel producers in the Middle East as they adapt to environmental responsibilities and market trends.

A leaked draft document from the EU Commission seen by Fastmarkets on Monday November 17 outlines provisional benchmark rates that could be coming under the EU’s forthcoming Carbon Border Adjustment Mechanism (CBAM).

The European Commission has confirmed that indirect emissions will not be included for metals products under the upcoming Carbon Border Adjustment Mechanism (CBAM), while pre-consumer scrap is to become a standalone CBAM product, EU Commission representative Martin Becker said during the European Roundtable on Climate Change and Sustainable Transition (ERCST) webinar on Thursday October 30.

From voluntary credits to new compliance schemes, businesses face a growing need for clear, reliable information to navigate the carbon market landscape. How can you distinguish high-quality credits from the rest? What impact will new regulations like the EU's Carbon Border Adjustment Mechanism (CBAM) have on your supply chain? This interview has the answers.

The EU Commission has launched a call for evidence on Thursday August 28 on its methodology for calculating emissions embedded in Carbon Border Adjustment Mechanism (CBAM) goods, the rules on the adjustment of CBAM certificates to reflect the EU Emissions Trading System (ETS) free allocation and the rules on the deduction of the carbon price paid in a third country.

The scrap and downstream loopholes that could allow market participants to avoid making necessary payments under the EU’s Carbon Boarder Adjustment Mechanism (CBAM) were a threat to the policy’s decarbonization objectives, Jostein Røynesdal, vice president and head of EU public affairs at aluminium producer Norsk Hydro, said in an exclusive interview with Fastmarkets late in August.

The key talking points across the aluminium supply chain ahead of Fastmarkets’ annual Aluminium Conference, taking place in Barcelona, Spain, on September 9-11.

The EU Commission has proposed an amendment to the EU Climate Law, which would allow the use of “high-quality” Article 6 carbon credits from 2036 as part of its 2040 climate target, it announced on Wednesday July 2. Up to 3% of 1990 EU net emissions would be allowed to be covered by these credits.

The European Union’s Carbon Border Adjustment Mechanism will be implemented in seven months’ time but the region’s steel industry was still not fully prepared for the gradual changes the system will involve, Fastmarkets heard on Thursday May 8 at the Made in Steel trade fair in Milan, Italy.