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| CBAM |
The CBAM certificate price 2026 signals tightening carbon cost alignment across EU import markets. The European Commission published Q1 2026 price at €75.36 per tCO2e. CBAM certificate price 2026 reflects EUAs volatility under shifting energy and policy conditions. EUAs surged above €90 before dropping into the €60 range during mid-quarter uncertainty. Spot EUAs recently climbed to €70.07 per tCO2e this week.
EU ETS Linkage and Import Cost Formation
CBAM certificate price 2026 directly follows the pricing signal of the EU carbon market. The mechanism links to EU Emissions Trading System auction averages for fair cost parity. As a result, importers and EU producers face equivalent carbon pricing pressure. Q2 2026 indicative pricing stands near €70.50 per tCO2e under current market expectations. However, pricing will shift toward weekly publication from 2027 onward.
Steel and Aluminium Exposure Under CBAM
CBAM certificate price 2026 significantly reshapes steel and aluminium import economics into Europe. China aluminium imports face up to €144.13 per tonne under default emission values. Meanwhile, Indian BF-BOF steel routes reach €254.13 per tonne exposure under default assumptions. Turkey aluminium imports show lower exposure near €36.37 per tonne under the same system. Therefore, verified emissions data becomes critical to reduce CBAM compliance costs.
ScrapInsight Commentary
CBAM pricing strengthens Europe’s structural carbon cost barrier for high-emission metal imports.
Steel and aluminium trade flows will increasingly shift toward verified low-carbon supply chains.
As a result, emission transparency will become a core competitive advantage in global metal markets.
