EU CBAM: Will Indian steel become up to 35% more expensive?23 March 2023 – Things are not going well for Indian steel at the moment. It would like to have a free trade agreement with the EU, but the Carbon Border Tax CBAM could make Indian steel up to 35% more expensive to import into the EU. Trafigura CEO warns that LME nickel benchmark does not reflect reality and calls for reforms. And is the reintroduction of EU base prices for stainless steel on the horizon? Source