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India calls for boosting steel exports

India urged local steelmakers to increase their exports after withdrawing export taxes.

25.11.2022 - 15:00

India calls for boosting steel exports

India urged local steelmakers to increase their exports after withdrawing export taxes.

An export tax was introduced at the end of May to contain inflation, but it caused steel stocks to increase by 20%. With the removal of steel export duty on November 19, India encouraged steelmakers to develop green steel to increase competition in the global market.

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