India’s Steel Ministry Plans to Increase Iron Ore Export Duty to 30%

Mineweb reported India’s steel ministry is said to be considering a proposal to increase iron ore export duties.

As quoted in the market news,

India is keen to use more of its iron ore at home. In a bid to cut shipments to key buyer China and to ensure adequate supplies to domestic steel mills, India is planning to hike the export tax on iron ore.

Click here to read the full Mineweb report.