Chinese steelmakers coordinate response to EU’s carbon-linked import imposts

China’s leading steelmakers are stepping up coordinated efforts to adjust export strategies, compliance systems and pricing models in response to this year’s full implementation of the EU’s tariff-like Carbon Border Adjustment Mechanism (CBAM), which imposes direct carbon-linked costs on imports. “China’s indirect steel exports to the EU are substantial, and a significant portion consists of high value-added products,” said Jiang Wei, vice-chairman and secretary general of the China Iron and...