The steel industry is in dialogue with the government to review its "draconian" levy, Oommen said in an interview with ET's Satish John. The duty could have been levied after a consultative process, he felt. If this duty continues, it will be "India's loss and China's gain," the industry veteran who is also the CEO of ArcelorMittal/Nippon Steel said.
from Industry-Economic Times
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'With the duty, steel companies are forced to vacate export markets... our loss is China's gain'