31
May
12:54
Nepal alters steel import duties, impacting India
The recently announced Nepal Union Budget for 2024 has introduced several changes to the import duty structure, significantly impacting the steel industry, notes Kallanish.
Key alterations include an increase in direct reduced iron import duty from 1% to 2.5%. Both scrap and pig iron, which previously had zero import duty, will now incur a 1% import duty.
However, the excise duty on imported billet – previously set at NPR 2,500/tonne ($18.7) – has bee…
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Anonymous
Very good overview of the weekly steel market.
Anonymous