Tag: Index
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Steelmint’s India steel index drops 15% post- export duty imposition
Raised production creates slight demand-supply imbalance again Sliding raw material prices deter price hike propositions Demand uptick likely but prices may remain in bear zone Morning Brief: The India Steel Composite Index has dropped 15% since the government introduced the 15% export duty on steel intermediaries and other finished products. The tax took effect from…