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India looks for new steel export markets in Middle East, Asia amid EU Carbon Tax
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India looks for new steel export markets in Middle East, Asia amid EU Carbon Tax
New Delhi: With an aim to offset the impact of the European Union’s carbon tax, India is searching new steel export markets in the Middle East and Asia, a government source was quoted by Reuters. The EU’s Carbon Border Adjustment Mechanism came into effect in January 2026. EU is a huge market for India as it exports approximately two-thirds of its steel exports to the European countries. India is world’s second-biggest producer of crude steel. R…
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