• 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

Indian iron ore exports face more restrictions

  • A
  • A
  • A
It’s reported that Indian government was mulling to takes more restrictions to ban iron ore exports, aiming to put down illegal mining activity and ensure the sufficient supply to local industry.

Mr. Haresh Melwani, the CEO of H.L. Nathurmal indicated that Indian government considered iron ore as exhausted resource and planned to restrict the iron ore exports below 30 million tons.

He added that the carelessness monitor caused the crisis to mining industry and he worried that Goa state will meet the same situation as Karnataka state, where the mining operations have been facing shutdown due to the investigation in illegal mining activities.

Besides, Mr. Haresh Melwani pointed out that Indian government was planning to increase the export duty of iron ore to 30% from the current 20%.

Affected by these factors, it has been seen that Indian mining companies would face more and more difficulties in export market in the near future.
News Date 20 Sep 2011 15:49:59 reported by Echo Huo

EU begins anti-dumping investigations of cold roll...
Government policies
20 May 2015 10:01
EU to impose duties on electrical steel ...
Government policies
15 May 2015 09:44
Japan, EU against India's protective investigation...
Government policies
14 May 2015 09:39
Malaysia launches anti-dumping investigation again...
Government policies
07 May 2015 13:37
EU to impose anti-dumping duties on electrical ste...
Government policies
29 Apr 2015 13:07
Most Popular