'Duty on steel to hit exports'

Engineering exporters warned against safeguard duty on steel, claiming it would inflate domestic prices and hinder export competitiveness. They argue domestic steel prices are linked to landed import prices, and the duty would increase prices by 20-25%.

Dec 5, 2024 - 04:00

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Engineering exporters warned against safeguard duty on steel, claiming it would inflate domestic prices and hinder export competitiveness. They argue domestic steel prices are linked to landed import prices, and the duty would increase prices by 20-25%.