India’s Iron Ore Steady, Braces for Export Tax Hike

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Fri, Jul 3, 2009

Iron Market News
Post by Melissa Pistilli, Iron Senior Reporter

India’s iron ore prices were steady on Friday compared with the previous day, on strong Chinese inquiries but trading was limited by a port strike and a looming tax hike in the upcoming budget.

Rakesh Jain, export manager of Steer Overseas Pvt Ltd in Bhubaneswar in eastern India, stated:

We have not booked any orders in the last 10 days.

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