It is for ThyssenKrupp (Germany), LKAB (Sweden), HYBRIT (Sweden), and Voestalpine (Austria). Chinese, India, Vietnamese, Saudi, and other steelmakers cannot export their steel and steel products competitively to Europe and their European operations were about to get hit by CBAM related violations (until the EU backed down on carbon emissions regulations a couple weeks ago), which made the EU-27 a captive market for those 4.
> steelmakers in Europe are concentrating on low carbon emissions
Only German, Swedish, and Austrian steelmakers can. Dutch, French, Luxembourgish, and Italian steelmakers (who are all now owned by Asian steelmakers) cannot.
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And this is why nothing will happen with regards to climate change - sovereign corporate interests will always trump global interests.