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Indian ISSDA hopes government to cancel import duty on ferronickel & stainless steel scrap

21 Dec 2020 16:18 reported by Joy Liu

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In the coming Budget for the fiscal year 2021-22 requested to the Indian Ministry of Finance, the Indian Stainless Steel Development Association (ISSDA) urged the government to cancel import duty on ferronickel and stainless steel scrap, which are currently subject to a basic customs duty (BCD) of 2.5%.

The two raw materials strongly rely on import sources since they are not available in India.

Besides, the ISSDA also requested a cancellation of the 7.5% import duty on graphite electrodes in the meanwhile.

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