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
The ongoing India-European Union Free Trade Agreement (FTA) negotiations have hit a roadblock as both sides continue to deliberate on sensitive sectors such as steel, automobiles, and the EU’s Carbon Border Adjustment Mechanism (CBAM).
Officials from the Ministry of Commerce said that while progress has been made in areas like market access and services trade, discussions on tariff concessions and carbon taxes remain unresolved. India has raised concerns that the CBAM could unfairly penalize Indian exporters, particularly in energy-intensive industries like steel and aluminum.
The EU, on the other hand, has emphasized the importance of climate-aligned trade policies, urging India to adopt stricter emission norms in industrial production.
Negotiators are working to find a balanced framework that supports sustainable manufacturing while protecting India’s export competitiveness.
Industry leaders have called for a phased adaptation period and mutual recognition of green standards to ensure a fair transition under the upcoming trade pact.
Analysts believe the final agreement, once concluded, could redefine India-EU economic ties by integrating trade, climate, and industrial policy goals.
Also Read : Germany set for gas power plant expansion contract this week British Steel & govt are about to ink deal on green transformation
Trump opposes U.S. Steel's foreign acquisition to safeguard national industry. Political and union...
US 14-Apr-2025
According to recent data, December witnessed a substantial uptick in steel imports to Mexico, markin...
Latin America 07-Feb-2024
India will soon be a net exporter of steel, with the country's steel trade imbalance likely to be ba...
Ferrous 05-Mar-2024
LMEL’s mine to become India’s largest non-coal operation. 63 MTPA production capacity e...
Business 07-May-2025
The government has announced a reduction in Goods and Services Tax (GST) on cement and steel from hi...
India 05-Sep-2025
As the metal reaches a wider range of destinations, China's biggest wave of steel exports since a gl...
China 24-Apr-2024