India secures duty-free quota access for 2.8 mt of steel exports to EU
BusinessLine 2 hrs ago·17 Sept 2026, 12:56 pm
India has secured a duty‑free quota that allows up to 2.8 million tonnes of steel to be shipped to the European Union. The arrangement is being rolled out before the full India‑EU free trade agreement is signed, giving exporters early access to the market under preferential terms.
For investors, the move could improve revenue prospects for Indian steel producers by lowering export costs and expanding their customer base in Europe. Market participants will be watching how quickly companies can utilise the quota, any follow‑up EU anti‑dumping reviews, and the timeline for the broader FTA, which together will shape the sector’s growth outlook.
Excerpt from BusinessLine
Indian steel exporters have secured potential duty-free access to 2.8 million tonnes (mt) of steel exports to the EU annually, even before the India-EU free trade agreement (FTA) comes into force, a government official said. This includes a guaranteed country-specific quota of 1.9 mt, plus another 0.9 mt of access…Read the original at BusinessLine
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