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CRGO Steel Supply Shortage Hits India Major Exporters Face License Woes

CRGO Steel Supply Shortage Hits India Major Exporters Face License Woes
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Increased capex to push steel demand in India: ISA | Hellenic Shipping News Worldwide

Increased capex to push steel demand in India: ISA The increased capital expenditure for infrastructure projects in Union Budget 2021-22 will push demand for steel in the country, industry body ISA said on Wednesday. To augment the country”s infrastructure, the Budget proposed significant enhancement in capital expenditure to Rs 5.54 lakh crore for the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP). In her Budget speech for the financial year 2021-22, Finance Minister Nirmala Sitharaman had also announced to set up a Development Financial Institution (DFI).

budget: Increased capex to push steel demand in India: Indian Steel Association

Synopsis In her Budget speech for the financial year 2021-22, Finance Minister Nirmala Sitharaman had also announced to set up a Development Financial Institution (DFI). Getty Images For the steel industry, Sitharaman had announced reducing the duty to 7.5 per cent on products. New Delhi: The increased capital expenditure for infrastructure projects in Union Budget 2021-22 will push demand for steel in the country, industry body ISA said on Wednesday. To augment the country s infrastructure, the Budget proposed significant enhancement in capital expenditure to Rs 5.54 lakh crore for the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP).

Govt Reduces Customs Duty On Certain Steel Items To Provide Relief To MSMEs

BW Businessworld Govt Reduces Customs Duty On Certain Steel Items To Provide Relief To MSMEs The 2.5 per cent duty on iron and steel melting scrap, including stainless steel scrap, and raw materials used in the manufacture of CRGO (Cold Rolled Grain Oriented) steel has been lowered to nil in the Budget. Photo Credit : The government on Monday announced slashing of import duties on a number of steel items in order to provide relief to MSMEs, which have been hit hard by the high cost of raw materials. Finance Minister Nirmala Sitharaman in her Budget speech for 2021-22 said the anti-dumping duty (ADD) and countervailing duty (CVD) have also been revoked on certain steel products.

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