06
Sep
10:55
India mulls reducing steel export duties
The Indian finance and steel ministries, in a closed-door meeting on Tuesday, formally reviewed the impact on industry of steel export duties levied in May.
According to CNBC-TV18, the finance ministry is mulling a calibrated reduction of export duties on steel. However, the duties on iron ore are likely to stay, although the revenue department is yet to make a decision.
Kallanish could not reach the steel ministry for confirmation before Tuesday's deadline.…
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Very good overview of the weekly steel market.
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