News
New duty regime in India
The Indian government has waived import duties on some key steel-making raw materials like coal and imposed the export duties on iron ore and steel products. The new duty regime has come into effect on the night of May 22, according to a government notification. The Indian government reduced import duty on ferro-nickel, coking coal [...]
Export policy in Iran amended as prices go down
With the downtrend in the global steel market having continued to gain momentum, Iran-based steel suppliers have had no other option than to lower their prices in order to be competitive in the export market. With prices having reached their low levels in the latest tenders, the time has come for Iranian authorities to revise [...]