HomeNewsBusinessExport duty hike on steel items to hit projects under PLI scheme: Indian Steel Association

Export duty hike on steel items to hit projects under PLI scheme: Indian Steel Association

Imposition of export duties on steel products will send a negative signal to investors and adversely impact capacity expansion projects under PLI scheme, steel industry players said after the government removed customs duties on raw materials and hiked export taxes to check local prices.

Representative image.

PTI

first published: May 22, 2022 03:57 pm

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Export duty hike on steel items to hit projects under PLI scheme: Indian Steel Association

Imposition of export duties on steel products will send a negative signal to investors and adversely impact capacity expansion projects under PLI scheme, steel industry players said after the government removed customs duties on raw materials and hiked export taxes to check local prices.

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