Indian Government In View Of The Steel Raw Materials And Products Import and Export Tariff Policy

On May 22, the Indian government in view of the steel raw materials and products import and export tariff policy.It is reported that the Indian government adjustment tariff is mainly to control the domestic commodity prices, lower import taxes, raise export taxes.According to the policy, the government of India will of coking coal, coke import tariffs by 2.5%, 5%, fell to zero;The width over 600 mm hot rolled plate, manufacture and export tariffs for plating board from 0 to 15%;Export tariff will pellets from 0 to 45%;For cast iron, stainless steel, alloy rod steel and steel semi-finished products, such as a 15% export tariff (0).
India in the past two years as a dark horse in the international steel market, high-profile, suddenly the adjustment tariff, will be the impact on China's iron and steel market?
From 2017 to 2020, India's domestic iron ore production change is not very big, basic maintained at 200 million tons to 250 million tons;In 2021, the Indian iron ore production at the level in nearly 20 years, to 246 million tons, up 20% from a year earlier.From the country's exports of iron ore accounted for proportion of production, basic maintain nearly five to six years in 10% ~ 15%, which affected by the new crown pneumonia outbreak in 2020, India's domestic consumption of crude steel fell sharply, but the country's iron ore exports hit a record high in recent years, and in 2021, a return to normal levels.
Iron ore from India exports accounted for basic production stable, you can see that in recent years, India's iron ore supply to foreign change is not very big.In addition, one of India's largest iron ore producers - India's state-owned mining company (NMDC) announced earlier this year, would resume its area is located in the Indian state of karnataka dony marla lai (Donimalai) open-pit iron mine, and enable the two R9200Liebherr excavator auxiliary iron ore mining work.Doni marla lai open-pit iron mine, it is possible to increase the output of the NMDC about 7 million tons/year.In this case, the Indian iron ore production in 2022 is expected to continue at a record high.