Steel stocks slump on export duty jolt2 min read . Updated: 23 May 2022, 02:37 PM IST
- The government on Saturday waived customs duty on the import of some raw materials, including coking coal and ferronickel, used by the steel industry, a move which will lower the cost for the domestic industry and reduce prices
MUMBAI: Shares of major steel companies slumped on Monday following the government's decision to impose export duty on 11 iron and steel intermediates and cut import duty on three key raw materials for steel production.
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