A carbon tax on imports that kicks in next month for the European Union will lead to a slump in Indian exports of steel to the bloc, forcing producers to look for alternative destinations, Reuters has reported, citing industry executives and analysts. The so-called Carbon Border Adjustment Mechanism, or CBAM, was devised to put European industrial producers on a more equal footing with non-European peers that enjoy much laxer emission-related regulations, making them more competitive than European companies. The corporate sector lobbied with the…