India will support steel exports hit by Europe's carbon tax, federal secretary says
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India's steel exports are facing challenges due to the European Union's carbon tax and import quotas, according to federal steel secretary Sandeep Poundrik. Despite a recent trade deal that reduced tariffs, the EU's Carbon Border Adjustment Mechanism remains in place, impacting exports significantly. Indian steel mills, which export two-thirds of their products to Europe, may need to seek alternative markets in Africa and the Middle East as exports to Europe are expected to decline.
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