The Economic Times

India protects over 80% of steel exports to EU as 1.9 MT country quota is secured; residual access could push total to 2.8 MT

India secured a country-specific tariff-rate quota for steel exports to the European Union. This agreement will safeguard over eighty percent of the nation's steel shipments to the bloc. Indian exporters began utilizing this quota from July first, following new EU regulations. The government is also discussing carbon pricing mechanisms and verification processes with the EU. This move aims to ensure Indian exporters remain competitive within the European market.