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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

Topics
Metal stocks | Iron Ore | Steel producers

Nikita Vashisht  |  New Delhi 



metals
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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First Published: Mon, November 21 2022. 11:01 IST

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