Aluminum Copper Lead

India to reduce import duty on coking coal and coke to zero tariff

According to the Government of India Ministry of Finance on May 21, in order to alleviate the high inflation level in India, the Indian government issued the import and export tariff adjustment policy for steel raw materials and products on May 22, reducing the import tax rate of coking coal and coke from 2.5% and 5% to 0%; The export tariff of hot-rolled, cold-rolled and coated coils with a width of more than 600mm will be increased from 0% to 15%, and the export tariff of iron ore, pellet, pig iron, bar and wire and some stainless steel products will also be increased to varying degrees.