JSW Steel to maintain shipments to Europe without passing on cost of export tax
- India, South Asia's third-largest economy, raised export tax by 15% on eight steel intermediates and scrapped import duty on coking coal, shortages of which have been driving up steel prices.
India's largest steel producer, JSW Steel Ltd, will continue to supply products to its buyers in Europe without passing on any increase in costs despite New Delhi's decision to impose an export tax, a senior company official said on Monday.
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