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India’s Steel Ministry Plans to Increase Iron Ore Export Duty to 30%
Oct. 07, 2011 02:41PM PST
Base Metals Investing Mineweb reported India’s steel ministry is said to be considering a proposal to increase iron ore export duties.
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.