Base Metals

Reuters Africa reports Brazil’s government is considering creating an iron ore export tax meant to spur investment in local steel production.

Reuters Africa reports Brazil’s government is considering creating an iron ore export tax meant to spur investment in local steel production.

The market news is quoted as saying,

Advisors to President Dilma Rousseff have asked the finance ministry to study a measure that would tax iron ore exports and exempt steel exports, the newspaper O Estado de S.Paulo reported on Friday, citing a source in the presidential palace.

For the complete market news, click here.

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