India gets bigger EU steel quota, but carbon levy stays
India's EU steel quota nearly doubles to 1.64 million tonnes under the new FTA, covering 68.4% of 2025 exports β yet every tonne still faces the EU's carbon border charge.
Mills can now ship far more steel to Europe without the 50% tariff, but GTRI says CBAM could still add ~35% in carbon costs, so the saving is not clean.