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Steel import duty hike to have `minimal` impact: India Ratings

The government on Wednesday raised import duty on long steel products to 7.5 per cent from 5.5 per cent and on flat steel products to 10 per cent from 7.5 per cent. However, ratings agency India Ratings & Research says that the impact of the hike in import duty will have minimal impact, given the price differential between domestic and imported steel prices.

Union Budget 2024 for infrastructure advancement