Sign in | Join us  
      
 Popular Searches:diamond,cbn,tuck point blade,cup wheel,saw blade, brown fused alumina
Home -- Information


  Featured Companies
 • Yantai Cct Metal…
 • Dymend Tools Co.,…
 • Henan Boreas New…
 • Yancheng Xiehe Machinery…
 • EKF Industrial Supplies…
 • Ruishi New Material…
 • MORESUPERHARD
 • Henan Banner New…
 • Zhengzhou best synthetic…
 • Zhengzhou Haixu…

 Print  Add to Favorite
Custom your font size:     

Steel companies seek removal of import duty, cess on coking coal


Post Date: 23 Jan 2017    Viewed: 743

Steel makers like Tata SteelBSE -2.68 % and Visa SteelBSE -4.76 % have sought removal of import duty and clean energy cess on coking coal and giving thrust to domestic infrastructure forecasting tepid global demand next year.

"Steel industry has suffered an increase in input costs due to high coking coal prices this year. Almost all the coking coal requirement is met through imports. Therefore, import duty on coking coal should be removed," Tata Steel India Managing Director T V Narendran told PTI.

"Exemption from clean environment cess is also required as there is no substitute reducing agent for steel making unlike power generation," he added.

Visa Steel also echoed the same demanding that coking coal should be duty-free from the current 2.5 per cent.

"The import duty on raw materials such as coking coal should be reduced from 2.5 per cent to nil and the clean environment cess should be made modvatable to improve steel industry competitiveness," Visa Steel Vice-chairman and Managing Director Vishal Agarwal said.

Further, he said, policy measures for infrastructure spending and boosting consumer confidence was required to revive housing & automobile sector to increase domestic steel demand.

Narendran said, the domestic industry was tirelessly working to achieve the vision of producing 300 million tonne by the year 2030-31 by making necessary investments and building capacity.

"During the period April to November 2016, India's steel production grew by nearly 9 per cent but to achieve the target of 300 million tonne by 2030 it will need a major impetus from the government," he said.

The government should look into revising the guidelines like terminal and port congestion charges and busy season surcharge, especially at a time when rail traffic is stagnating. For steel industry, the main raw material iron ore should also be treated at par with other bulk minerals like coal and limestone for freight categorisation, Narendran said.


Superhard Material of China

Superhard Material of China

Abrasives and Grinding Products of China

Abrasives and Grinding Products of China

Coated Abrasives of China

Coated Abrasives of China

Chia International Abrasives & Grinding Exposition

China International Abrasives & Grinding Exposition

Home | About Us | Members | Contact | Advertising Quotation
Supported by Yuanfa Information Technology co.,Ltd
Copyright ©Abrasivesunion 2006. All rights reserved
Page rendered in 0.0233 seconds
增值电信业务经营许可证:豫B2-20202116  ICP备案:豫B2-20100036-2