The British steel industry is urging the government to speed up the introduction of a domestic version of the EU’s Carbon Border Adjustment Mechanism (CBAM). With rising carbon costs, UK producers are feeling the pinch, while imports from countries with less strict carbon policies continue to flood the market. The industry believes a CBAM-like mechanism is essential to level the playing field and prevent carbon leakage.

Without such a mechanism, UK steel producers must purchase costly carbon allowances, which are not required of foreign competitors. This imbalance threatens both the competitiveness of the domestic steel sector and the UK’s broader decarbonization goals. By placing equivalent carbon costs on imports, a CBAM could protect the industry while supporting the UK's net-zero ambitions.

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