With the EU’s Carbon Border Adjustment Mechanism (CBAM) on the horizon, Indian steel producers are being urged to act quickly to reduce their carbon footprints.
Failure to adapt could result in hefty taxes and reduced market access, especially since Europe remains a vital destination for high-value steel exports.
Government and industry leaders are discussing initiatives such as green steel certification programs, subsidies for clean energy adoption, and partnerships to develop low-emission production methods.
While US tariffs remain a minor concern, CBAM represents a long-term structural challenge, signaling a future where sustainability and competitiveness go hand in hand for India’s steel sector.
VietnamSteel by Hoa Sen Group
