India’s finished steel exports is expected to drop by a quarter in the current fiscal on imposition of export duty on such products with effect from May 22, rating agency ICRA said on Thursday, revising industry’s outlook to ‘stable’ from ‘positive’ earlier. “The government’s recent announcement of 15% export duty on various finished steel products […]
The Indian steel sector’s growth is likely to be stable despite the challenges posed by Russia-Ukraine war or the high inflation impacting input costs, said N Chandrasekaran, chairman, Tata Steel. “While there exist risks of high input costs, the growth of the Indian steel industry is likely to remain stable as domestic demand is expected […]