The European Federation, pipes and metals distribution and trade (Euromettia) wrote for leading EU politicians, including the President of the Commission of Ursula von Der Leyen, executive vice president Marosh Shefchavich and commissar Sedzhurn, a warning that the ascending imports of steel workers.
Although these products are made mainly of steel, they are classified in accordance with the customs codes and, therefore, go beyond the scope of tools, such as a carbon adjustment mechanism (CBAM), the EU Rules of a Green Transactions and the Rules of a Circular Economy. This opened the door for the flood of cheaper, high carbon imports from countries with lower environmental and labor standards.
market impact: growing volumes and competitive distortions
steel derivatives cover a wide range of finished and semi-financed products, including atmotives, electrical, preliminary components.
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