The European steel industry has called on EU institutions to preserve the integrity of the EU Emissions Trading System (ETS) and strengthen the Carbon Border Adjustment Mechanism (CBAM), warning that current investment decisions will determine whether steel production, jobs and industrial value creation remain in Europe.
In a joint statement, Outokumpu, SSAB, Salzgitter AG, Saarstahl, Dillinger and Stahl-Holding-Saar said they would collectively invest more than €10 billion in low-emission steel production and modernized assets, but stressed that continued investment requires a predictable and reliable policy framework.
Companies called for support for key ETS mechanisms
Companies called ETS cornerstone cornerstone of EU climate policy and said their carbon price signal must be maintained.
They called for maintaining the linear Reduction Factor (LRF) at 4.4 percent until at least 2035, aligning the post-2035 trajectory with the 2040 EU Climate Act, maintaining the existing CBAM factor and free allocation phase-out schedule, and and prevent the Market Stability Reserve (MSR) from being used to artificially increase the supply of emissions allowances.
It said weakening the ETS would undermine investment certainty, penalize early movers and delay industrial decarbonization.
Steelmakers are seeking stronger reinvestment of CBAM and ETS
Companies argued that the main
