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Economy News

The Economic Times

Economy / The Economic Times

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India looks to Middle East, Asia to cushion EU carbon tax blow to steel exports

India is actively exploring new export destinations for its steel in the Middle East and Asia. This strategic shift aims to mitigate the effects of the European Union's carbon tax. The nation is also focusing on securing essential raw materials through long-term agreements and asset acquisitions.

18 Feb 2026 12:27 am