Day End Prices will be available on InvestorsLounge.com !


Steel: Budget proposals supportive for steel Industry - By JS Research

  • By: JS Global Capital Limited

  • - Published: Tuesday, 24 June 2025
Steel.jpg
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The Finance Bill 2025 proposes measures that support the steel sector, providing relief to listed players previously at a disadvantage. Phasing out sales tax exemptions for FATA/PATA from 10% in FY26 to 16% by FY29 aims to create a more level playing field across the industry.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Furthermore, the government has proposed a 1% reduction in duty on steel scrap and the removal of 2% Additional customs duty, bringing the total relief on scrap imports to 3%.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We highlight these measures announced for construction and steel sector, are expected to bode well for the sect...

Similar Reports