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DashboardDatabaseProReportsEventsConsultingSHANGHAI, May 23 (SMM) - V R Sharma, managing director of Jindal Steel and Power, said Indian steelmakers may be forced to cancel European orders and suffer losses as a result of the government's decision to impose export duties on steel products. On May 21, India decided to impose a 15% export tariff on eight steel products. Previously, Indian steelmakers had been looking to make up for tepid domestic demand by increasing their market share in Europe.
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