India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Europe is tightening market access for steel imports through a twin push on carbon compliance and trade protection, creating a tougher runway for exporters such as India. From January 1, 2026, the EU’s Carbon Border Adjustment Mechanism (CBAM) begins imposing carbon-linked costs on imports including steel, with payments tied to the EU carbon price. Indian producers—many of whom rely heavily on blast furnace routes expect pressure on margins and volumes unless emissions intensity falls.
On December 17, 2025, the European Commission proposed expanding CBAM coverage to more downstream products that use significant steel and aluminium, and tightening enforcement to deter “workarounds,” including applying default emissions values if firms are seen under-reporting embedded emissions. The package also proposes using a share of CBAM revenue to support decarbonising EU industry.
In parallel, the EU is moving to replace its steel safeguard regime (due to expire June 30, 2026) with a new framework aimed at countering global overcapacity. Earlier proposals include sharply reducing tariff-free import space and raising out-of-quota tariffs, which would further constrain export opportunities.
Also Read : Germany subsidises hydrogen-ready gas plants for green energy push EU targets 40% clean tech production by 2030 for global competition
Arcelor Mittal Nippon Steel Limited (AMNS) and Indian Oil Corporation Limited (IOC) informed the Sup...
Large Corporate 09-Feb-2024
The Goods and Services Tax (GST) compensating cess placed on products such as automobiles, liquor, a...
Taxation 21-Mar-2024
The National High Speed Rail Corporation Limited (NHSRCL) has achieved another major milestone in th...
India 04-Sep-2025
JSW Steel and POSCO Explore 6 MTPA Joint Venture in India; Odisha Among Key Contenders due to its na...
Large Corporate 18-Aug-2025
The Coal Ministry has instructed Coal India Ltd and NLC India Ltd to pursue pithead-brd thermal proj...
Notification 18-Mar-2024
CM Sai will pitch Chhattisgarh’s pro-industry policies at India Steel 2025. State to focus on...
Business 22-Apr-2025