EU's Carbon Tax Impact on India's Steel Exports
Update: 2025-12-05
Description
Next month, the EUs new carbon tax on imports, CBAM, threatens Indias steel exports, potentially slowing down exports to the EU. This tax aims to level the playing field for European manufacturers, but Indian companies are exploring new markets. The CBAM applies to various imports, not just steel, and India, the worlds second-largest steel producer, is grappling with understanding and adapting to its requirements. The timing of this tax is challenging for Europe, as it coincides with the continents rearmament process, which requires a substantial amount of steel.
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