Export duty on steel puts pressure on capex returns; Tata Steel, SAIL may see lower realizations

Export duty on steel puts pressure on capex returns; Tata Steel, SAIL may see lower realizations

NEW DELHI – In its latest step to tackle hardening inflation, the government on Saturday imposed export duty on steel while increasing the export duty on iron ore and slashing the import duty on crucial raw materials for the sector to zero. The decision is aimed at bringing down domestic steel prices and shielding the … Read more