The duties were imposed with the aim of discouraging steel exports and, thereby, increasing domestic steel availability.
The new duties came into effect immediately.
The new duties are as follows:
Product |
Duty rate |
Pig iron and spiegeleisen in pigs, blocks or other primary forms |
15 % |
Ferrous products obtained by DRI or other spongy ferrous products, in lumps, pellets or similar forms; iron having minimum purity by weight of 99.94%, in lump, pellets or similar forms |
15 % |
Ferrous waste and scrap, remelting scrap ingots of iron or steel |
15% |
Granules and powders, of pig iron, spiegeleisen, iron or steel |
15% |
Iron and non-alloy steel in ingots or other primary forms |
15% |
Semi-finished products of iron or non-alloy steel |
15% |
Flat rolled products of iron or non-alloy steel, hot rolled, not clad, plated or coated |
15% |
Flat rolled products of iron or non-alloy steel, cold rolled, not clad, plated or coated |
10% |
Flat rolled products of iron or non-alloy steel, plated or coated with zinc |
5% |
Bars and rods, hot rolled, in irregularly wound coils, of iron or non-alloy steel |
10% |
Other bars and rods of iron or non-alloy steel, not further worked than forged, hot rolled, hot drawn or hot extruded, but including those twisted after rolling |
10% |
Other bars and rods of iron or non-alloy steel |
10% |
Angles, shapes and sections of iron and non-alloy steel |
10% |
Wire of iron or non-alloy steel |
10% |
Tubes and pipes, of iron or steel |
10% |
* The issue of whether to exempt certain cold rolled, galvanized and coated sheets as well as pipes and tubes - the input material of which is procured through import of hot rolled coils under the Advance Licensing Scheme - from the new export duty is still under consideration.