Carbon, priced into every bid.
An EU importer of Indian steel now pays CBAM on every tonne. For a supplier with no data it must use India's default, which is set on the blast-furnace route with a mark-up. This is the importer's view: what each supplier really costs, which supplier to push for a passport first, and which bid wins once carbon is paid.
The importer's suppliers
CBAM bill per year
At today's certificate price of €/t CO2. The default's mark-up rises to 30% from 2028 and free allocation phases out to zero by 2034, so the gap widens every year.
Push these suppliers for a passport first
Saving = what the importer stops paying in 2026 if the supplier's passport shows its peer estimate. Estimates come from the nearest demo plant and are not passports.
Open orders: bids ranked by landed cost
Landed cost = price + sea freight + the CBAM the importer pays for that supplier's steel. A passport is verified in your browser against the verifier's public key, and its tonnes left are read from the signed ledger, so one month's passport cannot back more steel than it covers.
The importer's own AI assistant can run the same comparison through CarbonSetu's MCP server (compare_suppliers); see the buyer's AI.