15% export tax may force steel firms to cancel EU orders: JSPL MD

The 15% export tax imposed on eight steel products by the government could force steel companies to cancel European orders and suffer losses, Jindal Steel and Power's (JSPL) Managing Director VR Sharma told Reuters. "[Govt] should've given us...at least 2-3 months of time," Sharma added. He further said that Indian steelmakers have about 2 million tonnes in pending export orders.