The Indian government has introduced duties on exports of finished flat and long steel, as well as iron ore, with the aim of curbing exports and shifting mills' focus to the domestic market. It has also dropped duties on coal and ferroalloys imports, to control surging domestic steel prices and reduce the cost of production, Kallanish notes.
Indian finance minister Nirmala Sitharaman informed over the weekend of a reduction in import duties on coking coal…
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