EU's CBAM to Impact Indian Steel, Aluminium Exports

The European Union has started a new rule called CBAM that will tax steel and aluminium imports based on how much pollution was made to produce them.

This will make it harder for Indian companies to sell these metals to the EU because most Indian steel is made using a method that creates a lot of pollution.

Indian companies are looking for new markets in Africa and West Asia.

The new rule might also make Indian companies try to make their products with less pollution.

Over time, the rule might include more products and make it even harder for polluting industries to sell to the EU.

Indian exporters may need to cut prices by 15-22% to remain competitive, and smaller exporters might struggle with complex data and verification requirements.