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The European Steel Association (EUROFER), together with representatives from the ceramics, aluminum, and ferroalloy industries, issued a statement on the final stage of negotiations for the EU-India Free Trade Agreement (FTA), expressing deep concern about the potential negative impact if the agreement fails to adequately consider the specific challenges and competitive threats faced by strategic European industries..
The European steel industry reiterated its support for open and fair trade, especially given the recent reimposition of tariffs by the United States. B23RD080 oriented electrical steel, However, EUROFER emphasized that trade agreements must never create an advantage for imported products at the expense of EU domestic production.
With government support, access to cheap raw materials, and an export-oriented strategy, India's industrial capacity is expanding rapidly. According to data from the OECD Steel Committee, the country's steel production capacity is projected to reach 205 million tons by the end of 2025, nearly doubling the 2015 level, and is expected to reach 300 million tons by 2030. Notably, most of the new capacity will utilize blast furnace technology, which has higher carbon emissions.
EUROFER emphasizes the significant differences between India and the EU in social, environmental, and climate standards. Ignoring these factors in negotiations could lead to a surge in imports sold at dumping prices, further straining European industries already burdened by high operating standards and decarbonization costs.
The association strongly opposes granting India any exemptions or preferential treatment under the EU's Carbon Border Adjustment Mechanism (CBAM). B23RD080 oriented electrical steel, It argues that weakening the mechanism would undermine the EU's climate goals and disadvantage responsible European producers.
EUROFER calls on negotiators to protect fair competition, ensure full alignment of trade and climate policies, and avoid agreements that jeopardize the survival of strategic European industries.
According to the latest data, from January to August 2025, India exported 1.47 million tons of steel to the EU, a significant decrease of 47.7% compared to the same period in 2024. B23RD080 oriented electrical steel, During the same period, the EU's cumulative steel product imports reached 20.24 million tons, a slight decrease of 1.1% year-on-year. Among them, imports of flat products decreased by 5.3% year-on-year to 14.75 million tons, while imports of long products increased by 12% year-on-year to 5.49 million tons.
