India's Ministry of Finance has announced that the central government of India has reduced the import duty on certain hot rolled (HR) and cold rolled (CR) flat steel products used for the manufacture of cold rolled grain oriented (CRGO) steel from 10 percent to five percent.
The products in question include hot rolled coils (HRC), cold rolled magnesium oxide (MgO) coated and annealed steel, hot rolled annealed and pickled coils and full hard cold rolled coil for the manufacture of CRGO steel.