Industrials May 22, 2022 11:49 AM (GMT+8) · EqualOcean
According to the Indian Ministry of Finance on May 21, in order to alleviate the high inflation level in India, the Indian government introduced the import and export tariff adjustment policy for steel raw materials and products on May 22. Reduce the import tax rate of coking coal and coke from 2.5% and 5% to 0 tariff; The export tariff of hot-rolled, cold-rolled and coated coils with a width of more than 600mm will be increased from 0% to 15%, and the export tariff of iron ore, pellet, pig iron, rod and wire and some stainless steel varieties will also be increased to varying degrees.