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The country considers this plan unacceptable and harmful to its economic interests

Current demand for steel in the country remains strong thanks to infrastructure support from the government

The increase in import volumes poses a threat to investments in capacity expansion

Exports of goods to EU covered by CBAM accounted for 9.91% of India's total exports to the bloc in 2022-23

Demand for iron ore in the country will grow by 9% compared to the previous fiscal year

The company aims to become carbon neutral by 2050 and reduce CO2 emissions by 42% by 2030

Thus, the country seeks to diversify the supply of key raw materials

The average annual growth rate will be 5-7.3%

In 6 months, Indian mining companies shipped 20.26 million tons of ferrous metals abroad

Leading steel companies are calling for an increase in import duties

Eexports last month amounted to about 0.5 million tons