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Position papers
Brussels, 24 September 2026 - Europe’s steel industry could see its annual carbon costs rise from around €3.4bn in 2026 to approximately €8.2bn in 2031 under the proposed revision of the EU Emissions Trading System (ETS), even if ongoing decarbonisation projects are fully implemented.
EUROFER strongly supports the Act’s objective of creating lead markets for low-carbon steel as a critical tool to unlock the massive investments needed for the green transition of the European steel industry and facilitate the market uptake of low-carbon steel.