Europe's carbon tax and tariff quotas to hinder Indian steel exports

India faces significant hurdles for steel exports as European carbon taxes and tariff quotas impact trade. The government will take action to address these.

Steel Secretary Sandeep Poundrik announced on February 9, 2026, that India ININ faces significant hurdles for its steel exports due to policy measures implemented by the European Union EUEU. According to Poundrik, Europe EUEU's carbon tax and tariff quotas are expected to hinder the progress of India ININ's steel sector, creating substantial obstacles to market access that require a direct response from the government.
FILE PHOTO: A worker checks the density of steel bars inside a steel factory on the outskirts of Ahmedabad, India, January 28, 2026. REUTERS/Amit Dave/File Photo
FILE PHOTO: A worker checks the density of steel bars inside a steel factory on the outskirts of Ahmedabad, India, January 28, 2026. REUTERS/Amit Dave/File Photo
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