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Miners Urge Indian Government to Scrap Iron Ore Export Duty
Feb. 11, 2015 08:45AM PST
Base Metals Investing Mining Weekly reported that local miners have urged the Indian government to scrap the export duty on iron ore to revive the country’s share in the global iron ore export market.
Mining Weekly reported that local miners have urged the Indian government to scrap the export duty on iron ore to revive the country’s share in the global iron ore export market.
As quoted in the market news:
In a communication to the government just ahead of India’s federal budget later this month, the miners noted that only by scrapping the 30% export tax on iron-ore would India be able to improve its market share in global trade, which slumped to 2% in 2013 compared to 20% in 2008.
