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Mining Weekly reported that MOIL (NSE:MOIL) wants India’s government to approve a significant increase to manganese import duties.
Mining Weekly reported that MOIL (NSE:MOIL) wants India’s government to approve a significant increase to manganese import duties.
The market news is quoted as saying:
If the Indian government acceded to MOIL’s demand for an import duty hike, it would deal a severe blow to the manganese ferroalloys industry, already reeling from high imports of alloys at a low duty of 5% and high power tariffs, resulting in capacity use falling to 80% of installed capacity.
