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Steel: JSW Steel expects exports to fall to 5-year lows
India's JSW Steel Ltd expects its exports to fall to a more than five-year low, at 10 percent of total sales, in the fiscal year ending March 2023, due to slowing global demand and an export tax. India's largest steel producer by capacity plans to sell 24 million tons...
ArcelorMittal’s net income plummets 78 percent in third quarter
ArcelorMittal, the world's second-largest steel producer, saw its net profit plummet 78 percent in the third quarter of 2022, due to falling metal prices from the "exceptional" levels of the post-Covid recovery and soaring energy prices. The global steel market is...
Recycling: exclusion of shredder wear parts will expire at the end of the year
The Institute of Scrap Recycling Industries (ISRI), the Washington-based association representing the recycling industry, has issued an alert to its members that Section 301 tariff exclusions, including the shredder wear parts exclusion, will expire at the end of the...
Steel: India wants to include the metal in export incentive program
India's Ministry of Commerce has sought to extend an export promotion program to refund some local taxes to domestic steel producers. The Duty and Tax Remission on Export Products Program (RoDTEP) offers exporters refunds for various taxes embedded in sectors such as...