Indian steelmakers lobby to abolish new export duty, on fears of supply contract breaches

Major Indian steelmakers including JSW Steel have formed lobby groups to put pressure on the country’s government to abolish an unprecedented export duty on steel products, an industry body told Fastmarkets on Tuesday May 24.

Many steel producers were distressed by an announcement by India’s finance ministry on May 21 imposing a 15% export duty on a wide range of steel products, including flat rolled...

Published

Julian Luk

May 24, 2022

11:55 GMT

Barcelona