Skip to main content

India ends most temporary export duties

Logistics and transportation concept. Dock workers loading tying up a large cargo freight ship at the port

India has scrapped export duties on pig iron, specified iron and steel products and pellets, according the International Rebar Producers and Exporters Association (IREPAS), based on a government notification.

As a result, 15% export duties from India on major longs and flat steel products as well as pig iron, have been lowered to zero, while the export duty of 45% on pellets has also been scrapped.  The duty on exports of iron ore lumps and fines with less than 58% Fe content has been reduced to zero, while that on iron ore with Fe content more than 58% has been reduced to 30% from 50% earlier.

High export duties were imposed six months earlier to help redirect volumes to the local Indian market. This led to a significant reduction in exports and the lower competitiveness of Indian mills, at a time when more Asian suppliers wanted to increase their export market share.

In other changes to Indian tariffs announced on 18 November, an import duty of 2.5% has been imposed on anthracite, PCI, coking coal and ferronickel used by the steel industry and 5% added to imported coke and semi-coke, from zero earlier.

Earlier in the month, meanwhile, the UK government accepted the UK Trade Remedies Authority’s (TRA) recommendation that antidumping measures on wire rod from China be maintained at 7.9-24% until 30 January 2026, finding that dumping would be likely to occur again if the measures were removed.

Don't hesitate to contact us to share your input and ideas. Subscribe to the magazine or (free) newsletter.

You might find this interesting too

Global crude steel production declines
Slow new year start for non-ferrous trade

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe