UK Steel Industry Faces Hit From Post-Brexit EU Climate Levy

UK Steel Industry Faces Hit From Post-Brexit EU Climate Levy

August 23, 2023, Bloomberg

Candido Garcia Molyneux’s commentary was included in a Bloomberg article exploring the post-Brexit effects of the EU’s carbon levy on the UK’s steel exports. Candido provided analysis on how the EU’s Carbon Border Adjustment Mechanism, or CBAM, could affect the UK.

According to Candido, “If the main export market of UK steel is the EU, the government might be making a very big mistake.”