India could withdraw from steel export markets because of new duties

India may become increasingly absent from the global seaborne steel markets following the introduction of an export duty at a rate of 15% on a raft of steel products, sources told Fastmarkets.

India’s finance ministry said on Saturday May 21 that it had imposed or increased export duties on iron ore and steel intermediates to increase the domestic availability of material.

Published

Lee Allen

Jessica Zong

Paul Lim

Olivia Zhang

May 23, 2022

12:25 GMT

Shanghai, Singapore