FM announcements impact on Market
1. 15% export duty on steel
👎Pressure on export realizations & domestic prices
2. Export duty
Iron ore👉50% vs 30%
Pellets👉45% vs 0%
👎GPIL, Sarda & Shyam Metallics
3. Coking coal import duty👉2.5% to 0%
👍Small ₹700/t benefit