Indian steel exports could suffer as the EU enforces carbon border rules

 A study, published by the Centre for European Reform (CER) think-tank, on December 3, highlights that many countries may require additional support from the EU to upgrade their heavy industries for a net-zero future.

Underlining the brewing stress, the study mentions India, Vietnam, Brazil, and Ukraine, which may require additional support. It also discusses smaller, lower-income countries that contribute a small share of overall EU imports but rely on CBAM-related goods as critical sectors of their economies. “These countries are rightfully concerned, and the EU should concretely support them in decarbonising their industries to retain their export capacity,” the study states.