Overview

• India’s steel secretary Sandeep Poundrik said the EU’s carbon border levy will hurt Indian steel exports, noting that about two-thirds of shipments go to Europe and exposure to U.S. tariffs is minimal.
• The new EU‑India Strategic Agenda provides for deducting India’s domestic carbon price from CBAM charges and streamlining procedures for small exporters.
• The EU will begin collecting CBAM payments in January 2026 on carbon‑intensive goods including iron and steel, aluminium, cement, electricity, hydrogen and fertilisers.
• India’s steel sector remains largely blast‑furnace based with above‑average emissions intensity, increasing vulnerability to CBAM costs despite a government push for “green steel.”
• New Delhi has proposed three‑year safeguard duties of 11%–12% on select steel imports from China, and Commerce Minister Piyush Goyal has described CBAM as a trade barrier with a warning of possible retaliation.