ArcelorMittal Nippon Steel India CEO says duty hike to hit about 90,000 tonnes of exports per month

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“Export duty imposed by Indian government will have repercussion on company’s export market,” Dilip Oommen told Reuters, adding, the company exports 15 percent of its total production.

Reuters

May 23, 2022 / 02:06 PM IST

ArcelorMittal Nippon Steel India Ltd expects about 90,000 tonnes of steel exports every month to be hit by government’s duty increase, alongside a dampening effect on fresh investments, Dilip Oommen, chief executive officer, said on Monday.

“Export duty imposed by Indian government will have repercussion on company’s export market,” Oommen told Reuters, adding, the company exports 15┬ápercent of its total production.

Oomen is also president of the Indian Steel Association.

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