Sponge iron makers ask govt to impose 30% export duty on pellets

Sponge iron makers have urged the government to impose a 30% export duty on pellets, an improvised version of iron ore, which attracts zero duty currently. Both iron ore fines and lumps having 58% and above iron content attract 30% export duty now. “We request you to kindly consider our proposal for levy of 30% […]
Steel demand grows post-lockdown as rural activity outpaces urban growth

There has been a recovery in domestic demand for steel, especially during the post lockdown period, as well as an increase in steel prices. However, many experts say that a full uptake of domestic steel consumption will only be possible after the next one or two quarters. Steel exports continue to see supply chain disruptions, […]