CBAM: The variable that redefines the profitability of the industry

The entry into force of the final phase of the mechanism obliges importing companies to incorporate the cost of carbon into their procurement, financing and supply chain strategy.

In the current decarbonisation scenario, the Carbon Border Adjustment Mechanism (CBAM-CBAM) has ceased to be an administrative requirement and has become a strategic factor of the first order. For our industry, this regulation goes beyond preventing “carbon leakage” as it establishes equivalent conditions of competition by passing on to extra-EU imports the same emission costs assumed by European producers. Currently, the CBAM applies to six sectors selected for their high carbon intensity and risk of emissions leakage. In addition, the European Commission has specifically identified the goods subject to the mechanism through the corresponding Combined Nomenclature. Among the sectors and products affected are iron and steel, with a scope that includes from primary production through blast furnaces or electric arc furnaces to derived products such as screws and nuts; aluminum and its alloys; and cement, both in its final form and in intermediate products such as clinker.

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