‘An opportunity’: Inside Tata Steel’s green transition, as EU pulls the plug on high-carbon imports

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People enjoy the beach of Ijmuiden near the Tata Steel plant on August 22, 2021 in Ijmuiden, Netherlands.

Synopsis
India’s steel and aluminium exports to the EU will face extra scrutiny under the CBAM regime starting October 1. Companies will have to pay carbon tax from January 2026. Tata Steel, one of the biggest players in the sector, is diversifying its steel production technologies to align with the sustainable targets across Netherlands, the UK, and India.

Tata Steel CEO and managing director T V Narendran’s address to the investors on the last day of 2022 gave out a clear clue on how the company was shaping its sustainability drive amid the clamour in the European Union (EU) in favour of ‘carbon tax’. This is what Narendran said following Tata Steel’s Q3 results: “If somebody can make steel, which is more carbon inefficient, and ship to Europe without the cost, that's very unfair on the European