While the European steel industry appreciates @ec.europa.eu's continued engagement with the steel sector to implement the Steel and Metals Action Plan (#SMAP), the proposal to strengthen the #CBAM falls short.

The result will be carbon leakage and jobs leakage.

#FixThatLeak

5/7

The @ec.europa.eu is expected to present its proposals to address several of the gaping loopholes in CBAM. This is a crucial moment for ensuring that CBAM can truly deliver on its objective: preventing carbon & jobs leakage & supporting real industrial decarbonisation in 🇪🇺 & beyond. #FixThatLeak

🚨 #CBAM implementation is the make-or-break moment to #FixThatLeak & #SaveEUSteel.

🔎Learn more: www.eurofer.eu/publications...
🔎Full post on Linkedin: www.linkedin.com/posts/eurofe...

🔧Simplification must go hand in hand with closing CBAM loopholes!
Friday’s Omnibus Regulation is a step forward but key elements are missing, like robust CBAM benchmarks
🕓What's the best timeline to fix them?
The CBAM sectors issued a joint statement that explains it all
#FixThatLeak & #SaveEUSteel

🌐With the #CBAM simplification approved, effectiveness must follow without delay!

The @europarl.europa.eu has just adopted the Omnibus Package that reduces administrative burden on #CBAM — but loopholes remain

It’s time to #FixThatLeak & #SaveEUSteel 🔧

Learn more👉 www.eurofer.eu/publications...

🌍The #CBAM was built to ensure fair competition & cut global CO₂.

⚠️But loopholes like resource shuffling & export carbon leakagerisk making it ineffective.

Europe needs a watertight CBAM to protect jobs, industry & climate goals.

#FixThatLeak 🔧 #SaveEUSteel

Loopholes in CBAM = creative carbon accounting.
 
To #SaveEUSteel, let’s stop:
🔹 Resource shuffling
🔹 Export carbon leakage
 
🛠️ Fix it before it’s too late.
 
#FixThatLeak 🔧

📦 70% of EU steel exports go to countries with no carbon pricing.

Without an export fix, #CBAM will cause carbon & jobs leakage instead of stopping it.

We must safeguard clean EU steel & Europe’s transition!

#FixThatLeak 🔧 #SaveEUSteel 🏭👩‍🏭

As the @ec.europa.eu prepares to unveil its 2040 Climate Target, the #CBAM must be watertight to support these ambitions.

EU producers face rising carbon costs, yet 70% of their exports go to markets with no carbon pricing💸Without CBAM fixes, these exports are at risk⚠️

It’s time to #FixThatLeak 🔧

@ec.europa.eu will unveil its 2040 Climate Targets soon. But they are already at risk🚨

#CBAM was meant to help. Instead, it’s pushing emissions & jobs abroad, threatening climate progress & industry

📺 WATCH how a watertight CBAM can turn climate ambition into real impact
#FixThatLeak #SaveEUSteel