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export duties - Latest Articles GMK Center

Photo – Iran has increased export duties on raw materials and semi-finished products
Iran has increased export duties on raw materials and semi-finished products

Export duty on billets and slabs increased to 2%, on iron ore – to 20%

Photo – The abolition of export duties will give impetus to the growth of Indian steel industry
The abolition of export duties will give impetus to the growth of Indian steel industry

In the future, this step may affect the European steel market

Photo – India lifted export duties on some steel products
India lifted export duties on some steel products

The country's government has returned import duties on coke and coking coal

Photo – India is considering including steel in its export promotion scheme
India is considering including steel in its export promotion scheme

The steel sector will need almost $244 million a year for compensation

Photo – 43 countries globally have restricted the export of ferrous scrap
43 countries globally have restricted the export of ferrous scrap

Restrictions will apply in 71 countries, or every third country in the world, after the adoption of appropriate measures in the EU and Mexico

Photo – India cut iron ore production by 3% in January-September 2022
India cut iron ore production by 3% in January-September 2022

The decrease in iron ore production occurred as a result of the introduction of export duties on finished steel and steel raw materials

Photo – Kazakhstan to extend the ban on scrap exports
Kazakhstan to extend the ban on scrap exports

The ban on the scrap metal export is expected to be extended for another 6 months in order to meet domestic demand

Photo – India’s steel export duty will act until at least December 2022
India’s steel export duty will act until at least December 2022

The effect of the export duty in the next few months will be a stabilizing factor in the market and will prevent its volatility

Photo – Steel export duty in India could be increased soon – JSW Steel
Steel export duty in India could be increased soon – JSW Steel

Domestic steel prices in India fell by more than 20% after the imposition of the duty

Photo – India’s introduction of export tariffs could hit the local steel market
India’s introduction of export tariffs could hit the local steel market

Having weak domestic demand, Indian steel companies want to increase metal products exports to Europe

Photo – India introduced an export duty of 15% on 11 types of metal products
India introduced an export duty of 15% on 11 types of metal products

Export restrictions came into force on May 22, 2022