India: Govt rolls back duty on steel, iron ore and pellet exports
In a highly significant development late on 18 November 2022, the government rolled back the imposed hefty export duties on steel and steelmaking raw materials. Export duty on high grade ore and pellets has been reduced to nil. Similarly, the 15% export duty levied on pig iron, hotrolled and coldrolled alloy and nonalloy flat steel products of 600mm or more in width has also been slashed to ...