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Amend and apply EU carbon border tax as soon as possible, Eurofer urges

( January 22, 2025, 16:21 GMT | Official Statement) -- MLex Summary: European steelmakers want the EU’s carbon border levy to be adjusted and implemented as soon as possible to prevent carbon leakage and protect the bloc’s decarbonization efforts, steel industry lobby group Eurofer said today. It wants to see changes in the design of the mechanism, such as introducing a structural solution to preserve European exports, implementing stricter rules against circumvention practices, such as resource shuffling, and extending its scope to steel-intensive downstream sectors.Full statement follows....

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