$ArcelorMittal(MT.US)

​The protective umbrella of the European Carbon Border Adjustment Mechanism (CBAM): The full-scale advancement of the EU's Carbon Border Adjustment Mechanism (CBAM) for the Eurozone, coupled with new tariff quota policies, has significantly suppressed import inflows from Asia (especially low-cost, low-carbon standard steel). This has granted ArcelorMittal, as the leading local player in Europe, excellent domestic pricing power, with gross margin (EBITDA/tonne) showing significant improvement.