The European Association of Non-Integrated Metal Importers and Distributors (EURANIMI) warns of serious cost risks for stainless steel importers as the EU's Carbon Border Adjustment Mechanism (CBAM) takes full effect in January 2026. Unclear carbon emission benchmarks could lead to a carbon cost of up to EUR 100 per ton, creating a major impact on the competitive global market.

The EU's choice for the carbon benchmark is crucial. If set at 0.3 tons of CO2 per ton of steel, reflecting cleaner electric arc furnace (EAF) production common in Europe, the corresponding CBAM cost could be EUR 298.14 per ton. However, about 40% of stainless steel production outside the EU still relies on more carbon-intensive routes. If the benchmark is set higher, at 1.5 tons of CO2 per ton of steel to represent a broader global average, the cost could drop to EUR 198.69 per ton.

This uncertainty makes it difficult for importers to assess future carbon costs. The association urges the European Commission to urgently clarify the standards quickly, ensuring that benchmarks reflect both climate goals and industry realities.