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

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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