India's steel exports to drop 35-40% this year after duty revision

Russia is a key exporter of steel, coking coal and pig iron. In addition, the European Union’s (EU) move to raise India’s export quota – amid a widening differential between steel prices in the two geographies – benefited domestic steel makers, and limited the impact of a 25% tariff on steel imports imposed by the EU. https://ift.tt/Kxz8Oap