MYSTEEL: A glimpse into CBAM's impact on Chinese steel export costs

After a two-year transitional period (2023–2025), the European Union’s Carbon Border Adjustment Mechanism (CBAM) formally entered its definitive regime on January 1 2026, and the payments for carbon certificates for covered goods imported during this year will start in 2027.

Major steel suppliers to the EU The EU imported 27.4 million tonnes of finished steel products in 2024, among which flat steel products accounted for 79.2% while long steel took 20.8%, according to statistics released by the European Steel Association (EUROFER) in late June 2025. China ranked the sixth among the EU's major steel suppliers