Russia officially imposes export duties for most steel and raw materials until end of 2024
Russia’s government has adopted a decision to implement export duties for certain categories of products, including steel and raw materials. The export tax will be applicable from October 1, 2023 until December 31, 2024. “The regulation is adopted in order to support the optimal ratio of the local consumption and exports. The imposed decision will help protecting the local market from the unconditional increase of the prices. The flexible export... Read More
India scraps export taxes on steel and some raw materials, adds import tariffs on coal and coke
In a slew of tariff changes, the Indian government has scrapped export duties on pig iron, specified iron and steel products and pellets, according to a government notification late on Friday, November 18. As a result, 15 percent export duties from India on major longs and flat steel products, as well as pig iron, have been lowered to zero, while the export duty of 45 percent on pellets has also been scrapped. The export duty on iron ore lumps and... Read More
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 from 2.5 percent to nil and that on coke and semi-coke from 5 percent to nil to bring down cost of production of steel... Read More
India imposes antidumping duty on metallurgical coke imports from China and Australia
India’s Ministry of Finance has announced its final determinations in its antidumping duty investigation of imports of low ash metallurgical coke from China and Australia. According to Ministry of Finance’s statement, in its final findings India’s Directorate General for Anti Dumping and Allied Duties (DGAD) has concluded that dumped imports of the subject goods from China and Australia increased significantly in the period of investigation... Read More