• 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

Russia may ban on scrap exports...
Government policies
25 Feb 2015 09:57
US DOC to amend dumping duty rate on steel pipe fr...
Government policies
25 Feb 2015 09:40
Indonesian government expected to impose AD duty o...
Government policies
23 Feb 2015 17:36
Indonesia imposed safeguard duties against imports...
Government policies
21 Feb 2015 02:34
Malaysia imposes anti-dumping duties against HRC f...
Government policies
21 Feb 2015 02:24
Most Popular