Indian steel exporters to Europe may have to cut prices by 15-22% as carbon cost kicks in from Jan 1st: GTRI

New Delhi [India], December 31 (ANI): Indian steel and aluminium exporters are likely to face sharp pricing pressure in the European market from January 1, 2026, as every shipment entering the European Union will carry a carbon cost under the Carbon Border Adjustment Mechanism (CBAM), according to a report by Global Trade Research Initiative (GTRI).

The report said that from January 1, 2026, CBAM will move from a