• Lithium Chloride 99.3%min Delivered China(-15000)  12-01|Zinc Conc. 50%min EXW North China(500)  12-01|Zinc Conc. 50%min EXW South China(500)  12-01|Steel Scrap MMS 4-6mm EXW Tianjin(80)  12-01|NCM 622 Delivered China(-3000)  12-01|Lanthanum Oxide 99.999%min FOB China(-0.1)  12-01|Nickel Sulfate Ni 22%min; Co 0.05%max Delivered China(1000)  12-01|Magnesia E.F. 97.5%min Large Crystal FOB China(-20)  12-01|Zinc Ingot 99.99%min EXW China (500)  12-01|Zinc Ingot 99.995%min In warehouse Guangzhou(500)  12-01|Zinc Ingot 99.995%min In warehouse Tianjin(500)  12-01|HR Strip Q195 295*2.5mm In warehouse Tianjin(80)  12-01|HR Strip Q235B 685*5.5mm In warehouse Tianjin(80)  12-01|Zinc Ingot 99.995%min In warehouse Shanghai(500)  12-01
  • Stainless steel industry seeks zero duty on ferronickel, scrap in upcoming budget

    2020-12-23 09:49:45   【Print】
    Ahead of the budget, the Indian Stainless Steel Development Association (ISSDA) has urged the government to remove import duty on ferronickel and stainless steel scrap.Asian Metal CopyrightAhead of the budget, the Indian Stainless Steel Development Association ISSDA has urged the government to remove import duty on ferronickel and stainless steel scrap.Asian Metal Copyright Currently, ferronickel and stainless steel scrap attract basic customs duty (BCD) of 2.Asian Metal Copyright5 per cent to bring it at par with carbon steel products and check undue imports.Asian Metal Copyright5 per cent.

    In its recommendations to Finance Ministry for the upcoming Budget for financial year 2021-22, ISSDA has also sought removal of import duty on graphite electrodes. ISSDA said "it has appealed to exempt the 2.Asian Metal Copyright The Ministry of Steel has also at times batted for zero duty on these items.Asian Metal Copyright5 per cent BCD levied while importing key raw materials, including ferronickel and stainless steel scrap".Asian Metal CopyrightAhead of the budget, the Indian Stainless Steel Development Association ISSDA has urged the government to remove import duty on ferronickel and stainless steel scrap.Asian Metal Copyright At present, both the raw materials are unavailable in the country, making their import mandatory, it said.

    Removal of duty on ferronickel and stainless steel scrap is a long-standing demand of the industry. The Ministry of Steel has also at times batted for zero duty on these items.

    ISSDA has also sought removal of existing 7.5 per cent import duty on graphite electrodes, a critical component in stainless steel manufacturing which constitutes a major share of input cost.

    Besides, it has sought an increase in import duty on stainless steel flat products to 12.5 per cent to bring it at par with carbon steel products and check undue imports.

    These measures will not only boost domestic manufacturing but also curb "undesired" stainless steel imports, it said.

    .Asian Metal Copyright These measures will not only boost domestic manufacturing but also curb "undesired" stainless steel imports, it saidAsian Metal Copyright
      Copyright © Asian Metal Ltd All rights reserved.