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Industrials, UK

UK CBAM could lift domestic industry steel orders by £500mn, says campaign group

By Alex Janiaud

March 7, 2023
Steel rolls production
UK steel producers will ‘need certainty now in order to deliver low-carbon steel by 2035’. (Photo: David Hecker/EPA)

A carbon border adjustment mechanism could help to increase demand for UK-produced steel, according to research by campaigner CleanTrade. Construction industry orders of UK-made steel could increase by £500mn every year with the introduction of a carbon border adjustment mechanism (CBAM), CleanTrade has argued in a new report. The EU ...

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