Ref. Ares(2021)4616778 - 16/07/2021
EUROPEAN COMMISSION
Cabinet of Executive Vice-President Valdis Dombrovskis
all redactions covered by Art. 4.1 (b)
Brussels, 12/04/2021
Video-meeting with EU Rerollers Platform on CBAM
09-04-2021
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MINUTES
Participants:
COM: Michael HAGER, Gints FREIMANIS,
EU Rerollers Platform:
(H+K Brussels);
(Government Relations, NLMK International),
,
NLMK Europe),
Metinvest Europe),
Metinvest),
Hill+Knowlton
Strategies)
Minutes of the meeting:
CAB gave an update of the CBAM legislative process development process. The Commission
is currently discussing the draft impact assessment and no preferred option has been set. The
EURR noted that their position on CBAM rests on three principles: (i) Allow for an
individual importer adjustment, (ii) Cover full value chain, and (iii) Account for effective
carbon price. CAB noted that on individual adjustments, the issues we need to take into
account are fairness as well as administrative burden. On the latter, the EURR gave the view
that steel companies can handle any administrative burden if underlying CBAM methodology
is clear and defined. On value chains, CAB noted that it will be important to avoid
possibilities for circumvention, while on effective carbon pricing, we may need to consider a
transitionary period. EURR noted that a company’s carbon footprint will be very important
for the success of CBAM. On this, one of the EURR’s members, noted that much of its
production is located close to the mine in a third country and that the footprint of its steel is
approximately 1920 kg CO2/ per tonne product. EURR noted that significant investments will
be needed and that – in the absence of free allowances – such investment would require an
ETS price of 80 euros. The meeting concluded with both sides agreeing to stay in touch in the
Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111
coming months and with EURR inviting the Commission to send any further questions it may
have.
Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111