On June 13, the Indian government made some changes in the rates of the recently imposed export duties on steel products.
As per the official notifications Nos 77 to 80/2008-Cus and Nos 39 and 40/2008-CE, the export duty of 5-15 percent ad valorem on flat rolled products, including galvanized products, and pipes and tubes have been withdrawn.
On the other hand, the rate of the export duty on long products such as bars and rods, angles, shapes and sections, and wire has been increased from 10 percent to 15 percent.
The rates of export duty on pig iron and on other specified primary forms and semi-finished products have been left unchanged.