27
May
14:19
Duties hit Indian steel exports, local prices: Ind-Ra
Export duties will hit Indian finished steel exports, which accounted for around 18% of crude steel produced in the fiscal year ended 31 March 2022 (FY22), says India Ratings and Research (Ind-Ra).
The duties will result in lower steel prices in the domestic market, ultimately compressing the gross margins of steelmakers. Alternatively, mills might curb steel production to maintain elevated price levels. However, owing to the negative impact of operating leverage,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous