Indian steel ministry evaluates relative data of domestic steel mills to reconsider export duties
Time:Fri, 09 Sep 2022 09:43:54 +0800
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In response to the sharp decline in steel exports, Indian authorities have sought detailed information on each domestic steel producer's capacity, production, demand, and exports to review possible policy changes to the recently imposed 15% export tax.
Indian steel ministry had a meeting with steel companies, which commented on the negative impact of the export tax on overseas sales, for more detailed information on capacity utilization, company data on domestic and foreign sales breakdowns, supply and demand forecasts, and assessment of product sales.
The detailed company data will be used to assess options for considering any policy adjustments to the export tax.
