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
India and the European Union have reached an agreement to reduce the impact of the EU’s upcoming Carbon Border Adjustment Mechanism (CBAM) on Indian exporters.
Under the deal, any carbon price already paid in India will be deducted from CBAM charges in Europe. This move will lower compliance costs for exporters. The revised CBAM will be fully implemented from January 2026.
India is also expanding its carbon credit trading system and improving emissions reporting, which will align better with EU rules.
Sectors Affected:
CBAM will apply to iron and steel, aluminium, cement, electricity, hydrogen, and fertilizers. Indian companies, especially steelmakers using high-emission processes like blast furnaces, could face higher costs. However, the EU’s concession to recognize India’s carbon pricing will give exporters partial relief.
Concerns:
Industry officials warn that stricter EU emission norms may still hurt India’s steel exports, which make up nearly two-thirds of exports to Europe.
Positive Outlook:
Beyond CBAM, the agreement also strengthens EU-India cooperation in clean technologies, renewable energy, green finance, and resilient supply chains, boosting long-term trade ties.
Also Read : Steel Import Quotas Threaten European Automakers, Industry Warns Tata Steel UK Joins Circular Economy Push
JSW MG Motor India has collaborated with Eversource Capital-backed NBFC Ecofy to provide financing a...
Automobiles 20-Jun-2024
India Proposes Anti-Dumping Duty on Steel Imports from Vietnam India’s Directorate General of...
Press Releases 19-Aug-2025
On May 16, nearly all metal stocks traded in the green extending gains for the fifth session in a ro...
Business 16-May-2024
As speculation grows over a possible second Trump administration, India's steel industry is closely...
Business 04-Mar-2025
Indian authorities have flagged concerns that Chinese steel may be entering India illegally via Nepa...
China 17-Nov-2025
Tata Steel Tubes Division crosses 1 million tonnes in FY25. Strong demand in infra, auto, and const...
Business 19-Apr-2025