Tag: export tax
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India: Imported coal buyers recede amid steel export tax; South African prices ease
With the Indian government’s decision late last week to introduce a 15% duty on steel exports, coal buyers in the sponge iron sector have withdrawn their inquiries for imported South African coal, especially for RB3 (4800 kcal/kg NAR) as the same was in huge demand from India amid escalated RB2 (5500 kcal/kg NAR) prices. Subsequently…