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According to All Steels, a British steel trading company, steel prices in the EU and the UK are expected to rise across the board due to the implementation of new import tariffs and the Carbon Border Adjustment Mechanism (CBAM).
The cross-border carbon adjustment mechanism is expected to officially come into effect on January 1, 2026.
This mechanism will impose taxes and fees based on the country of origin and carbon intensity of imported steel, significantly impacting import prices, adding approximately £30 to £130 per ton. B20P080 GO Silicon steel sheets, At the same time, the EU's revised steel safeguard measures will limit the total volume of duty-free imports to 18.3 million tons per year, roughly half of the current quota.
Although the British government has not yet announced its final position, All Steels expects London to adopt measures parallel to or coordinated with the EU to restrict steel imports from non-EU countries.
If EU and UK producers can fully utilize this increased local demand of 18 to 20 million tons, the industry is expected to return to profitability and free up capital for decarbonization investments.
However, All Steels warned that imposing a 50% tariff on excess imports would lead to a sharp increase in steel prices.
The current safeguard measures between the EU and the UK are set to expire on June 30, 2026, but according to the European Commission's plan, the new import regulations could be implemented as early as January 1 or April 1, 2026, subject to legislative and World Trade Organization approval.
All Steels notes that recent negotiations with European steel mills and distributors indicate that EU manufacturers are beginning to return to sourcing steel locally to mitigate the cost pressures of future cross-border carbon adjustment mechanisms; traders are gradually withdrawing from Asian markets with long contract cycles and high tariff risks; and from 2026 onwards, B20P080 GO Silicon steel sheets, EU steel imports will decline significantly, with local manufacturers shifting their procurement focus to domestic steel companies.
In the short term, steel prices may still face downward pressure due to seasonal factors, but market confidence is improving as EU manufacturers return to purchasing from local steel mills.
On October 7, the European Commission put forward a new proposal to prevent the unfair impact of global oversupply on the EU steel industry. B20P080 GO Silicon steel sheets, The proposal includes reducing the duty-free import quota by 47% (to 18.3 million tons per year) and doubling the tariffs on excess imports to 50%.
