New Delhi, Sept. 18 -- India has secured a country-specific tariff-rate quota (TRQ) of 1.9 million tonnes (mt) annually for steel exports to the European Union, while the government expects exporters to access another 0.9 mt through residual quotas, taking potential annual exports to around 2.8 mt, a Commerce Ministry official said on Thursday.

The combined quota is expected to cover more than 80 per cent of India's steel exports to the EU. India exported around 3.8 mt of steel worth USD 3.4 billion to the bloc in 2025-26, according to Commerce Ministry data, PTI reported.

FTA Steel Benefits Front-Loaded

The quota arrangements follow the EU's Steel Overcapacity Regulation, which came into force on July 1 and provides duty-free TRQs of ...