New Delhi, 29 July 2025 – India’s steel and aluminium sectors are confronting an unprecedented challenge as the European Union’s Carbon Border Adjustment Mechanism (CBAM) moves from its transitional phase towards full implementation in January 2026, industry leaders warned at a high-level webinar, Navigating CBAM: The Way Forward, organised by FICCI.

Senior executives from major steel producers cautioned that Indian exporters face a potential 20-35% tax burden on shipments to Europe, with steel exports particularly vulnerable to duties ranging from $102-119 per tonne over . . .