India's steel sector faces EU carbon tax impact, while U.S. tariffs remain largely irrelevant.

• Two‑thirds of Indian steel exports go to Europe, making CBAM a significant trade hurdle now.
• India's blast furnace production emits high carbon, prompting concerns over expanding capacity under new regulations.
• Proposed 11‑12% safeguard duty aims to curb cheap Chinese steel imports, supporting domestic industry growth.