India receives 1.64 million own steel quota from EU
· Business · Moneycontrol
The European Union has granted India a trade quota of 1.64 million tonnes for steel imports. This volume-limit follows a previous allocation of 6.95 lakh tonnes under specific trade monitoring frameworks. The quota is part of ongoing regulatory measures designed to manage steel flows into the European market. This allocation represents a significant volume for Indian steel exporters seeking consistent access to the EU region.
Why it matters
The quota allows Indian steel producers to maintain access to the European market without facing prohibitive barriers, directly impacting export revenues for major Indian manufacturers.
Read the original report — Moneycontrol
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.