08
Jun
13:14
KIOCL temporarily suspends pellet production amid tax imposition
Following tax imposition by the Indian finance ministry, the state-run pellet producer KIOCL decided to suspend its pellet plant operation in Mangalore, Kallanish notes.
“We would like to inform that the company’s pellet plant operation at Mangalore has been suspended in view of unviable operation due to levy of duty on export of pellets by the government of India vide its notification dated May 21, 2022,” KIOCL says in an exchange filing. &ldquo…
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Very good overview of the weekly steel market.
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