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To address carbon leakage, the EU introduced a carbon levy on imported goods.
The steel and aluminium industries would need to reassess their production processes.
India's steel industry emits 2.5 tonnes of CO2 per tonne of crude steel.
Officials Discuss the Impact of the Carbon Border Adjustment Mechanism
ICRA predicts limited impact on Indian aluminium exports
New tax could add $1,500-1,600 per tonne to cost of aluminum
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