India has secured a 2.8 million tonne annual steel export quota to the European Union under the EU's Steel Overcapacity Regulation. The country-specific portion is 1.9 million tonnes, with another 0.9 million tonnes expected through residual quotas. That covers more than 80 percent of last fiscal year's steel exports to the EU. Duty-free access does not mean carbon-free entry. The EU's CBAM will apply to Indian steel both inside and outside the quota, with a fully phased-in carbon charge estimated around 35 percent. India has asked the EU to fast-track recognition of six domestic accreditation bodies so local exporters can get CBAM verification done in India. Officials are also working with steelmakers on emissions reporting and green steel production, while the EU has pledged 500 million euros in technical and financial assistance. The India-EU FTA is expected to be signed by the end of 2026 and implemented next year.
