9,097.15 TL BIST 100 BIST 100
31.30 $ USD USD
€33.84 EUR EUR
45.26 TL Interest Interest
83.55 $ Fossil Oil Fossil Oil
23.12 $ Silver Silver
3.85 $ Copper Copper
113.89 $ Iron Ore Iron Ore
392.00 $ Ship Dismantling Ship Dismantling
2,100.60 TL Gold (gr) Gold (gr)

India has announced it will not reimpose steel export duties

Nagendra Nath Sinha, secretary of the Indian Ministry of Steel, said the export tax has not been re-imposed.

India has announced it will not reimpose steel export duties

"Although input prices have increased slightly above the lows amounted about four to five months ago, the situation has not reached a level where an export tax increase of about three quarters can be considered," Nagendra Nath Sinha said, noting that the ministry is focusing on both steel and raw material prices.

Meanwhile, Sinha also informed that the ministry has not divested anything from the NMDC stake. "Of course we are going for the strategic liquidation of Nagarnar Steel, which is currently separated from NMDC. That's the only thing on offer when it comes to the NMDC. Of course, we are in favor of the strategic disposal of FSNL Ferro Scrap Nigam, as well as RINL."

“Regarding the Visvesvaraya Iron and Steel Plant, we made an expression of interest, but there was no return. Therefore, DIPAM stated that action should be taken to close it and the process is ongoing,” he said.

"In the case of the Alloy Steel Plant, something has been done to divest but the efforts have not come to a conclusion and therefore the Steel Authority of India has been asked to look for different solutions. We are also moving towards divestment at the Salem Steel plant, but it is still ongoing and it will take some time to come to a conclusion," he said.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Minister Hisarcıklıoğlu" We are the country which exports to the most countries in the world"

Wednesday, February 28, 2024

Steel production falls in China and iron ore demand weakens

Saturday, March 2, 2024

ASELSAN announced €82 million air defense system deal

Wednesday, February 28, 2024

New regulation for Canadian steel importers

Wednesday, February 28, 2024

Economic confidence decreased by 0.4% in February

Wednesday, February 28, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now