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Representative image. Source Freepik With the European Union implementing its Carbon Border Adjustment Mechanism (CBAM) this year, steel producers globally are assessing how the policy could reshape trade flows, emissions reporting, and raw material strategies. For India, the implications extend beyond exports to Europe, potentially accelerating the shift toward scrap-based steelmaking and more transparent supply chains. Sharing his perspective, Jai Saraf, Chairman of Evonith Steel, says that the scheme effectively converts carbon intensity into a trade cost, tightening margins for Indian steel exports to Europe rather than shutting markets outright. According to him, this....
