Steel News

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

ISSDA views government's decision to impose export tariffs on steel products as knee-jerk action

22 Jun 2022 16:10 reported by Joy Liu

A A A
The Indian Stainless Steel Development Association (ISSDA) viewed the Indian government's decision to impose a 15% export tariff on steel products as a knee-jerk action, which has impacted the domestic steel industry.

The government aimed to cool down steel prices via the policy, but the prices had started dropping anyway.

ISSDA President KK Pahuja said that the government should have studied the actual stainless steel market before making such a decision to impose export tariffs on stainless steel products, as the impact on this lower-margin industry is much more severe than on other steel industries.

However, for the tariff reduction on certain imported raw materials, KK Pahuja expressed his welcome.

Back to Steel News

Related News

China’s stainless steel imports & exports statistics in May & Jan-May

  • Stainless steel
  • 24 Jun 2022 15:05

Global stainless crude steel production down by 3.8% in Q1 y-o-y

  • Stainless steel
  • 23 Jun 2022 16:42

China’s stainless steel exports grow in May m-o-m, y-o-y

  • Stainless steel
  • 23 Jun 2022 16:01

LME nickel price supported by declining inventory

  • Stainless steel
  • 22 Jun 2022 16:11

Russia’s stainless steel imports grow in May m-o-m

  • Stainless steel
  • 21 Jun 2022 16:20

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,538.00
  • 3,384.00
  • Aluminum
  • 2,435.50
  • 2,450.00
  • Copper
  • 8,280.00
  • 8,290.00
  • Nickel
  • 22,895.00
  • 22,825.00

Learn more

Coil Exchange Center

  • 2B Coil-Jul
  • 3,980
  • 3,840
  • NO1 Coil-Jul
  • 3,950
  • 3,810
  • 2B Coil-Jul
  • 3,980
  • 3,840
  • NO1 Coil-Jul
  • 3,950
  • 3,810

Learn more