India Seeks Access to EU Steel Scrap to Mitigate Carbon Duty Impact
GREEN STEEL
India is negotiating for increased access to steel scrap from the European Union to counter the impact of the EU's Carbon Border Adjustment Mechanism, which imposes duties on high-carbon imports. The country aims to raise the scrap share in its steel production to 50% by 2047, leveraging electric arc furnace technology to lower emissions, while currently facing challenges due to limited domestic scrap availability and restrictive EU recycling policies. With India's ferrous scrap imports more than doubling since 2013, the decline in global scrap availability poses additional hurdles for its steel industry.

Jan 20, 2026, 6:06 AM