India secures 1.9 MT steel export quota to EU, expects total access to reach 2.8 MT
- Posted on September 17, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
India has successfully negotiated a significant trade agreement with the European Union, securing a 1.9 million tonne annual steel export quota. Industry stakeholders project potential access to an additional 0.9 million tonnes through residual allocations, bringing total capacity to approximately 2.8 million tonnes. This landmark accord aims to stabilize the EU's steel sector amid global oversupply challenges while subjecting Indian exports to carbon pricing mechanisms. Implementation is anticipated following formal execution in the coming year.
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India secures 1.9 MT steel export quota to EU, expects total access to reach 2.8 MT
India secured a 1.9 million tonne annual steel export quota to the European Union. Exporters anticipate an additional 0.9 million tonne from residual quotas. This agreement protects the EU's steel industry against global overcapacity issues. Indian steel exports will face the EU's Carbon Border Adjustment Mechanism. The pact is expected to be implemented next year after signing.
