Roll back steel export duty: Paswan to Govt

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Ram Vilas Paswan
New Delhi, May 23: Steel Minister Ram Vilas Paswan today urged the Finance Ministry to roll back an export tax recently imposed on steel products.

''Steel producers have demanded roll back of export duty and we have forwarded the request to the Finance Ministry,'' Mr Paswan told reporters here today. Earlier this month, the Centre had persuaded steel manufacturers to roll back price hikes. Leading primary steel producers, had on May 7, rolled back prices of flat products by Rs 4,000 a tonne while reducing the prices of reinforcement bars and structurals by Rs 2,000 a tonne.

It had earlier imposed an export duty ranging from five to 15 percent, as part of efforts to boost supplies and tame inflation ruling at three year high.


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