Outokumpu - A continuous rollercoaster or a serious investment?

Yes, exactly:

https://gmk.center/en/news/the-eu-india-trade-agreement-does-not-provide-for-an-exemption-from-cbam/

…EU legislation already stipulates that the bloc cannot grant special treatment to certain countries with regard to the cross-border carbon adjustment mechanism.

…India has criticized the European CBAM since its announcement in 2021…

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