Steel mills plan production cuts as demand falls - Economic Times

Meanwhile, steel exports have also taken a backseat since New Delhi levied a 15% export duty on the alloy from May 22 in its efforts to arrest inflation. There was no export duty on steel earlier.

Steelmakers are expected to cut production next month by advancing annual maintenance shutdowns to regulate inventory, amid a fall in domestic demand and because of the new export duty that has made … [+2589 chars]

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