Indian steel export taxes might help to stabilize EU HRC market, sources say

European market sources have suggested that the new taxes on Indian steel exports could help to stabilize domestic hot-rolled coil prices in Europe in the medium term, although the full effects have yet to be seen, Fastmarkets heard on Thursday May 26.

Last weekend, the Indian government imposed 15% export duty on a series of iron and steel products, including hot-rolled coil.

The announcement put overseas HRC trading on hold in the...


Julia Bolotova

May 26, 2022

12:22 GMT