India will support steel exports hit by Europe’s carbon tax, federal secretary says

India’s steel exports will remain under pressure as the EU’s Carbon Border Adjustment Mechanism (CBAM) and import quotas continue to impose costs on carbon‑intensive products. Although a new India‑EU trade deal reduced tariffs in other sectors, CBAM was left unchanged. With nearly two‑thirds of India’s steel exports going to Europe, volumes are expected to fall, prompting mills to seek buyers in Africa and the Middle East. India’s federal steel secretary said the government will take measures to support affected exporters.
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