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Implementation of new tax， India's hot roll demand is still weak
publisherJudy
time2017/07/05
India has implemented new goods and services tax (GST) on July 1, and hot steel demand may be affected.
India's domestic hot volume prices have remained stable since May, is the ordinary hot volume with freight ex-factory price of 3.55-3.65 million rupees / ton (550-565 US dollars / ton), including tax of about 4.19-3.31 million rupees / ton, steel buyers Will pay a uniform 18% tax rate.
Affected by the uncertainty of the implementation of the new tax, hot roll buyers have recently been delayed procurement, turnover is very deserted.