The European Parliament has adopted a position to extend the Carbon Border Adjustment Mechanism (CBAM) to downstream steel and aluminium products, recognizing that carbon leakage now occurs through manufactured goods, not just primary materials. EUROMETAL, the federation for steel and metal distributors, welcomes the direction but warns that the proposal still leaves product categories uncovered, risking circumvention. They are pushing for broader coverage, faster implementation, and a solution for European exporters facing global competition. The next steps involve negotiations between EU institutions. This matters for anyone tracking carbon pricing and EU industrial competitiveness, as the final rules will determine how effectively CBAM levels the playing field.
