Steel News

We strive to let you one step ahead of the market.

Indian government plans to impose extra duty against steel imports

19 Aug 2019 16:25 reported by Alex Lo

A A A
The Indian government mentioned that the extra protective duty agreement against imported steel was almost in the final procedure.

India mills were working on 25% extra duty against oversea imported steel. At the same time, Indian mills also worried about there will be a good quantity coming into Indian market because the India government signed the FTAs agreement with Japan and South Korea without basic tariffs.

The statistics from India steel minister showed that the finish steel product delivery quantity from South Korea, Japan and Indonesia accounted for 54% of Indian total import amount in July 2019, totaling around 7.7 million tons.

The domestic steel demand in India was weak since the whole nation's economy was slowing down, especially the real estate and auto industry. The two industries were the key to push steel consumption increasing.

Back to Steel News

Related News

Trump postpones new tariffs to mid-Oct

  • Government policies
  • 12 Sep 2019 16:06

Philippine regulators recommend canceling nickel miners’ shutdown orders

  • Government policies
  • 12 Sep 2019 14:51

Australia launches AD review on certain coated steel products from 6 countries

  • Government policies
  • 12 Sep 2019 13:34

US maintains AD duty on nickel-plated sheet imports from Japan

  • Government policies
  • 12 Sep 2019 13:20

European Commission to approve steel import safeguards

  • Government policies
  • 11 Sep 2019 17:33

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,381.00
  • 2,379.00
  • Aluminum
  • 1,767.00
  • 1,801.50
  • Copper
  • 5,868.00
  • 5,895.00
  • Nickel
  • 17,810.00
  • 17,600.00

Learn more

Coil Exchange Center

  • 2B Coil-Oct
  • 2,650
  • 2,510
  • NO1 Coil-Oct
  • 2,600
  • 2,460
  • 2B Coil-Oct
  • 2,650
  • 2,510
  • NO1 Coil-Oct
  • 2,600
  • 2,460

Learn more