desk
Share
News Topical, Digital Desk : The central government has extended the ban on the import of soda ash and low-ash metallurgical coke till 31 December 2025. The Director General of Foreign Trade (DGFT) issued a notification in this regard on 30 June (Monday). India is the second largest producer of raw steel in the world. The order states that from July 1 to December 31, 2025, India will fix quotas according to different countries and the import limit will be fixed at up to 14 lakh metric tonnes.
DGFT said, the minimum import price (MIP) for disodium carbonated i.e. soda ash will be fixed at Rs 20,108 per tonne. This MIP will be till 31 December 2025. Earlier, MIP was valid only till 30 June.
Which companies will be affected?
Soda ash is used in glass manufacturing, detergent and chemical making industries. In such a situation, the effect of this decision of the government will be seen on Tata Chemicals, Gujarat Heavy Chemicals Limited (GHCL), DCW Limited and Gujarat Alkalies and Chemicals. Since these companies are the largest producers of soda ash, this decision of the government will be positive for all these companies. Except Tata Chemical, all other stocks were seen trading in the positive zone today i.e. on July 1 with a gain of about one and a quarter percent.
Ban on low-ash met coke too
In a separate notification, DGFT said that the ban on the import of low-ash metallurgical coke will be according to different countries. This was also valid till 30 June, which has been extended for the next 6 months from 1 July to 31 December 2025. This list includes Australia, China, Indonesia, Colombia, Japan, Poland, Qatar, Russia, Singapore, Switzerland and UK. Imports of low-ash metallurgical coke have almost doubled in the last 4 years. As part of the process of banning imports, the government will allow only 14,27,166 tonnes of imports from these countries during July to December. Metallurgical coke is used as raw material for steel manufacturing companies. Apart from this, it is also used in many types of industrial processes. The ban on metallurgical coke will affect these companies. In such a situation, the ban on the import of metallurgical coke will affect the steel manufacturing companies. It will be seen on companies like ArceloMittal Nippon India, Vedanta and JSW Steel. In such a situation, this ban of the government can affect the expansion plans of these companies. On the other hand, the government wants steel manufacturing companies to buy metallurgical coke from the local market. India has also started anti-dumping investigation on the supply of low-ash metallurgical coke imported from countries like Australia, China, Colombia, Indonesia, Japan and Russia. This decision of the government has been taken after the request of the industry body.
Read More: Stock Market News: Company receives Warning Letter from US FDA, shares fall
--Advertisement--
