Serbia’s CBAM Rules Increase Compliance Pressure on Steel and Aluminium Exporters

On 4 November 2026, Serbia’s estimated €140.2 million CBAM exposure highlighted the financial implications of EU carbon rules for exporters. The Finance Ministry’s indicative calculation used a carbon reference price of €75.36 per tonne, while the reported EU certificate price reached €82.32 per tonne in the third quarter of 2026. These figures are estimates and reference prices, not a fixed charge on every shipment. HPC can connect businesses with legal advisers, emissions-verification experts and trade-compliance consultants.

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