Higher Indian iron ore, steel export duties to hit Supramax, Handysize markets

A raft of new export tax measures imposed by India on steel and raw materials used for its production is expected to pressure the Supramax as well as Handysize dry bulk freight rates out of the east and west coast of the country, shipping market participants told S&P Global Commodity Insights. India announced on May 21 a 45% export tax…

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