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
The Indian government is urging steel exporters to adopt ‘5-star’ green steel standards to overcome barriers posed by the European Union’s Carbon Border Adjustment Mechanism (CBAM) and similar carbon tax regimes globally. The move is part of India’s broader strategy to protect its steel exports and enhance competitiveness in low-carbon markets.
Officials explained that steelmakers will be encouraged to certify their products under a new sustainability framework that grades steel based on carbon intensity, renewable energy use, and environmental compliance. Producers achieving the top “5-star” rating will be better positioned to access premium markets and avoid steep carbon taxes.
The government is also considering financial incentives and policy support to help domestic players transition to green hydrogen, renewable power, and carbon capture technologies. With nearly two-thirds of India’s steel exports headed to Europe, aligning with global green standards has become a pressing priority.
Industry leaders believe that the ‘5-star’ initiative will not only safeguard export revenues but also push Indian steelmakers toward long-term decarbonisation, innovation, and global leadership in sustainable steel.
Also Read : India Unveils Mission to Accelerate Green Steel Production Nippon Steel to Invest $4B in U.S. to build green steel facilities
The coal ministry is expected to seek clearance to establish India's first coal trading market as pa...
Announcement 13-Jun-2024
Indian steel stocks—JSPL, JSW Steel, Tata Steel, and SAIL—are at a crossroads as global...
Business 08-Mar-2025
India’s steel demand is expected to witness double-digit growth in the second half of FY25, dr...
India 08-Sep-2025
✅ JSPL & WCL win key coal mines in India’s 11th auction round✅ Move to enhance domestic...
Raw Material 25-Mar-2025
In this year, India will add more new coal power capacity than it has in almost a decade, as the cou...
Energy 19-Jun-2024
China's property market collapse has left its steelmakers with an oversupply that they are offloadin...
Ferrous 07-May-2024