CBAM to Impact Indian Steel Exports to Europe

Indian steel companies that sell steel to Europe are getting ready for higher costs and lower profits because of a new rule called CBAM.

This rule makes companies pay extra if their steel production creates a lot of carbon emissions.

Indian steel is often made using coal, which creates more emissions than in Europe.

So, Indian companies might have to pay more to sell their steel in Europe.

Big companies like JSW Steel and Tata Steel are trying to make their steel production cleaner to avoid these extra costs.

Smaller companies might struggle because they can't afford to make big changes quickly.

This new rule could make it harder for Indian steel companies to sell to Europe in the future.