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India redirects steel exports to Asia and Middle East, bypassing EU carbon tax, while securing coking coal globally.
India is shifting steel exports toward the Middle East and Asia to offset the impact of the EU’s carbon border tax, which began in January 2026 and has disrupted traditional exports to Europe.
With the EU previously receiving about two-thirds of India’s steel, the new tax has pressured Indian producers.
Officials are pursuing agreements with infrastructure-growing nations and seeking government support to compete, especially against dominant Chinese exports.
India is also securing critical raw materials like coking coal through long-term contracts and asset acquisitions in Australia, Brazil, Argentina, and the Middle East, as it imports nearly 95% of its coking coal, mostly from Australia.
La India redirige las exportaciones de acero a Asia y Oriente Medio, eludiendo el impuesto sobre el carbono de la UE, al tiempo que asegura el carbón de coque a nivel mundial.