The experts are demanding that the Indian government remove the export duties as it increases uncertainty in the export market.
They argue that in light of falling global coking coal prices, the duties also had a bad effect as it put pressure on export margins when prices began to correct.
Steelmakers in India are expecting the removal of export duties on some, if not all, steel products.
The government is likely to remove export duties on steel in stages. It is expected that New Delhi will firs remove the export duty on flat products, while the export duty on structural steel such as rebar, rope and roofing sheets will remain.
Flat products include hot rolled coil (HRC), cold rolled coil (CRC) and sheets.
Seshagiri Rao, joint managing director of JSW Steel, stated that he expects the export duty to be reduced before the end of September.
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