Roll-back of export duty on steel has no near-term earnings upside: Experts

Analysts perceive the roll-back of export duties on steel as a valuation re-rating event, rather than an earnings upgrade trigger

Nikita Vashisht | New Delhi
Last Updated at November 21, 2022 21:53 IST

Domestic prices are now at a 6-7 per cent premium to import parity prices, whereas export prices are 25 per cent lower than domestic prices

The government's decision to remove export duty on steel products, and raw materials may not have a positive impact on earnings in the near-term, caution analysts, who fear a worsening global situation may limit upside.

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