Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
China’s steel industry is stepping up its response to the European Union’s Carbon Border Adjustment Mechanism (CBAM), as the China Iron and Steel Association (CISA) held a high-level symposium to assess its likely impact on exports. More than 140 participants attended, including major producers such as Baowu, Ansteel, HBIS, CITIC Pacific Special Steel, Nanjing Iron and Steel, Shagang Group, and Delong Steel Group.
With steel included in the first phase of CBAM, Chinese exporters are expected to face higher export costs and stricter carbon-footprint disclosure requirements. CISA noted that the EU remains an important market, making the financial and operational implications significant for steelmakers.
The discussions also highlighted the possibility of CBAM expanding to around 180 downstream steel- and aluminium-intensive products by 2028, including machinery, auto components, and home appliances. That could widen the pressure on China’s indirect steel exports, especially in value-added segments. Industry participants also raised concerns over default emission values, verification demands, data security, and limited regulatory clarity.CISA said it will compile industry feedback and submit policy recommendations, while China’s Ministry of Ecology and Environment confirmed ongoing technical talks with EU counterparts on emissions data recognition and carbon reporting systems.
Also Read : Copper held down by China's property woes & strong dollar Global Tariffs on Chinese Steel Exports Lead to Iron Ore Price Decline
Coal India Limited (CIL) and Neyveli Lignite Corporation India Limited (NLCIL) under the Ministry of...
Renewables 22-Feb-2024
According to PSP Projects it has secured a construction order amounting to ₹631 crore in Gujarat. Th...
Mid Corporate 15-Feb-2024
BCCL, a subsidiary of Coal India, has made a significant stride in its financial journey. The compan...
Raw Material 05-Aug-2024
Man Industries (India) has signed a memorandum of understanding (MoU) with Aramco Asia India to expl...
Construction 20-Nov-2025
Kalyani Ispat has commissioned SMS group to supply a next-generation high-speed bar and wire rod mil...
Business 13-Feb-2026
Tata Steel, one of India’s largest steel producers, witnessed a sharp surge in its market capi...
Business 06-Mar-2025