Steel Ministry seeks scrapping of 2.5 per cent import duty on coking coal

摘要

The Steel Ministry has asked the Finance Ministry to scrap import duty on coking coal, as it is increasing the input cost of domestic steelmakers and cutting their profit margins."We are pursuing a cut with the Finance Ministry. We want to make it zero. It cannot 2018be 2.5 per cent to 2 per cent. It will help the sector," Steel Minister Chaudhary Birender Singh told reporters on the sidelines of an event on Thursday.