The President of the European Steel Association Eurofer, Henrik Adam, discussed with senior representatives of the Turkish steel industry in Istanbul the impact of the European Carbon Border Adjustment Mechanism (CBAM), carbon costs, and the competitiveness of steel producers supplying the European market.
During the meeting, Adam reviewed Eurofer's assessment of the European carbon regulatory framework and the implementation of the CBAM, while participants discussed the prospects of the European steel industry, market conditions, and expected competition.
The meeting addressed the impact of CBAM-related compliance costs and requirements on Turkish steel producers who supply their products to customers in the European Union, alongside emissions management, investments in low-carbon steel production, environmental performance, and the implications of evolving European climate and trade policies.
The meeting highlighted the growing importance of carbon intensity and regulatory compliance for accessing the European steel market.
The meeting was attended by representatives from Colakoglu Metalurji, Tosyali Holding, Izmir Demir Celik, Diler Holding, Kardemir Celik, Habas, Hacelik, Tata Steel Ticaret, and Kroman Celik, as well as representatives from the European steel sector.
