Steel minister wants import duty on coking coal scrapped


Steel minister wants import duty on coking coal scrapped

India’s steel minister said on Thursday he wanted the finance ministry to scrap the 2.5 percent duty on imports of coking coal, a key steelmaking raw material, to limit input costs.

“We are pursuing a cut,” Chaudhary Birender Singh told reporters. “We want to make it zero. It cannot be 2.5 percent to 2 percent.”

India’s coking coal imports rose 13 percent in the 2017/18 fiscal year that ended in March. Read More

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