BIR NEW DELHI: Indian government to remove import duties on ferrous scrap

The Indian government is aiming to eliminate import duties on ferrous scrap entering the country to aid domestic scrap-based steelmakers.

“We are working on the principle of for what we don’t have in India, [so some] import [duties] will be lessened,” Aruna Sharma, secretary of India’s Ministry of Steel, said at the Bureau of International Recycling (BIR) meeting in New Delhi on Saturday October 14.  “For scrap, we are in the process [of bringing] this down to zero,” he added.  One delegate at the conference told Metal Bulletin that the “removal of the duties could be announced in India’s next national budget in 2018”. India currently has import duties...

Published

Lee Allen

October 15, 2017

20:56 GMT

New Delhi