• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

India may raise iron ore export duty further

  • A
  • A
  • A
India’s Ministry of Steel said that the government may raise the iron ore export duty further to depress the exports and meet the strong demand from domestic market.

In fact, Indian government just announced to hike the export duty of fine ores and lump ores from 5% and 15% to 20% respectively from April 1st, 2011.

It’s known that 50% of Indian iron ore were exported to foreign market over the past three years.

According to data, India produced 219 million tons of iron ore in the fiscal year 2009/10 and 117 million tons were exported to the foreign market.

Meanwhile, it’s estimated that India’s iron ore output in fiscal year 2010/11 would be at 208 million tons and the export volume would be at 97.66 million tons.
News Date 31 Aug 2011 10:20:20 reported by Nann Cheng

China to scrap export taxes on rare earths, alumin...
Government policies
24 Apr 2015 17:31
Iran aims to 10m tons of steel exports a year...
Government policies
24 Apr 2015 16:50
Australia postpones AD final ruling of wire rod fr...
Government policies
23 Apr 2015 12:02
India to launch AD investigation on Chinese steel ...
Government policies
20 Apr 2015 17:13
Indonesia begins sunset review of HRC from Malaysi...
Government policies
17 Apr 2015 10:28
Most Popular