Europe's carbon tax impacts Indian steel producers
pre-market1 source ↓written by the desknot a recommendation
- headed to Europe
- 60% of India's steel exports
- of steel production
- 300 million tons
The EU's carbon tax, effective from January, is reshaping the Indian steel industry. With 60% of India's steel exports headed to Europe, producers are considering green steel to reduce emissions and costs. India aims for 300 million tons of steel production by FY 2030/31, responding to the new carbon border adjustment mechanism.
Not investment advice. For informational purposes only.