Tag: MYSTEEL: A glimpse into CBAM’s impact on Chinese steel export costs

China ranks 6th among EU’s major steel suppliers in 2024, shipping 1.97 mnt CBAM costs of Chinese HRCs estimated to be 3rd highest among major origins Mysteel Global: After a two-year transitional period (2023-2025), the European Union’s Carbon Border Adjustment Mechanism (CBAM) formally entered its definitive regime on 1 January 2026. Payments for carbon certificates…