Wednesday 17 June 2015

Custom duty on steel hiked

According to experts, the demand for steel is sluggish. There is hardly any investment in the sector.

The government today increased the customs duty on select flat steel products to 10%, according to a news on TV news channel.

The government today increased the customs duty on select long steel products to 7.5%, the report added.

According to experts, the demand for steel is sluggish. There is hardly any investment in the sector. However, there will be no impact on volumes in the steel industry. 

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