EU carbon tax regime hammers Indian steelmakers

New reporting rule poses hurdle for Asian exporters as governments seek WTO help

2023-10-03 Tata steel CBAM NETHERLANDS.JPG

Tata Steel is expected to be one of the Asian commodities exporters to be hit by Europe's carbon tax regime that will be fully implemented in 2026. © Reuters

CATHERINE DE BEAUREPAIRE and KIRAN SHARMA, Nikkei staff writers

BRUSSELS/NEW DELHI -- India's steel exporters are among the Asian companies expected to be hit hardest by the implementation of the first phase of Europe's carbon border tax regime this past Sunday.

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