Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
GoIndiaStocks.com Profile picture
GoIndiaStocks.com
@goindiastocks
equity research and investor relations firm democratising information; institutional quality analysis with free access to all investors
May 22, 2022 • 8 tweets • 3 min read
#stockstowatch #steel #ironore
Steel, iron ore & iron ore pellet prices are all likely to correct sharply given the imposition of export duties. Export taxes levied are
Steel- 30% from NIL
Iron Ore- 50% from 30%/0%
Iron Ore Pellets- 45% from NIL
Let's calculate the price impact Global iron ore prices are currently around US$129/t. Based on the current duty of 50% export tax up from 30%, the iron ore prices should fall in India by Rs1500/t. See table below for calculations