India sets export duties on steel, steelmaking raw materials

India has imposed a 15% export duty on iron and steel products and raised the export duty on steelmaking raw materials such as iron ore to 50%.

“We are calibrating customs duties on raw materials and intermediaries for iron and steel to reduce their prices. An import duty on some raw materials of steel will be reduced....

Published

Suresh Nair

May 23, 2022

04:00 GMT

Mumbai