steel production
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Takeaways for EU CBAM’s Impact on Indian Steel
The European Union’s Carbon Border Adjustment Mechanism (CBAM), entering its financial phase in January 2026, marks a structural shift in global trade. Unlike traditional tariffs, CBAM embeds carbon pricing into imports of carbon-intensive products. For India’s steel industry which contributes nearly 12% of manufacturing GDP and employs over 2 million people this is not a…