Reported about 4 hours ago
India's steel industry is not expected to be significantly affected by U.S. tariffs, but will face challenges from the European Union's carbon tax, which could impact exports, stated Steel Secretary Sandeep Poundrik. With approximately two-thirds of India's steel exports going to Europe and minimal exports to the U.S., concerns remain about high emissions from blast furnace production and the need for protective measures against cheap imports.
Source: YAHOO