Van you ever heard of this-- placing an export tariff on a home-grown company.
North American steelmakers (SLX) are sharply higher in Thursday's trading, capping strong gains following India's decision to impose export tariffs on its steel industry earlier this week: (NYSE:RS) +6.2%, (TMST) +5.4%, (NYSE:X) +5%, (STLD) +4.9%, (CMC) +4.7%, (CRS) +4.7%, (NYSE:CLF) +3.8%, (ATI) +3.8%, (NUE) +3.8%, (MT) +3.8%, (SCHN) +3.6%.
India’s government unexpectedly slapped a 15% export duty on a range of finished steel products in an attempt to improve domestic steel availability and reign in steel prices.
The Indian Steel Association has asked the government to withdraw the policy, with a three-month buffer perio
North American steelmakers (SLX) are sharply higher in Thursday's trading, capping strong gains following India's decision to impose export tariffs on its steel industry earlier this week: (NYSE:RS) +6.2%, (TMST) +5.4%, (NYSE:X) +5%, (STLD) +4.9%, (CMC) +4.7%, (CRS) +4.7%, (NYSE:CLF) +3.8%, (ATI) +3.8%, (NUE) +3.8%, (MT) +3.8%, (SCHN) +3.6%.
India’s government unexpectedly slapped a 15% export duty on a range of finished steel products in an attempt to improve domestic steel availability and reign in steel prices.
The Indian Steel Association has asked the government to withdraw the policy, with a three-month buffer perio
