Industry News

Japan, South Korea to collaborate in CBAM consultations to solve unclear issues

Views : 83
Update time : 2024-04-29 15:36:37
Japan and South Korea had a discussion last week in South Korea, and the focus is on CBAM (The European Cross-Border Carbon Adjustment Mechanism) for steel industry.

They are collaborating in order to cope with the uncertainties associated with the European mechanism system. One of the key problems is the confusion surrounding the CBAM reporting system. It requires steel suppliers to report detailed data and figures of carbon emissions.

The initial reporting period was based on standard values from CBAM, while the uncertainty for the future requirements has been causing confusion for steel suppliers. Both countries will work together to solve the issues through continuous consultation with EU.
Related News
Read More >>
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Apr .29.2025
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Brazil's steel imports may break Mar record in Apr Brazil's steel imports may break Mar record in Apr
Apr .29.2025
Brazil's steel imports may break Mar record in Apr
Nickel prices surge as LME inventories decline & US-China trade tensions ease Nickel prices surge as LME inventories decline & US-China trade tensions ease
Apr .29.2025
Nickel prices surge as LME inventories decline & US-China trade tensions ease
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics
Apr .29.2025
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics