Indian steel cos push for hike in iron ore export tax
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Tue, Aug 26, 2008
Iron Market News
Post by Melissa Pistilli, Iron Senior Reporter
Post by Melissa Pistilli, Iron Senior Reporter
An industry official said:
Indian steel firms have asked the government to increase an export duty on iron ore to 35 percent from 15 percent to slow exports and ensure supplies in the domestic market.
Steel makers say that their profit margins are declining due to rising prices of raw materials such as iron ore and coke.
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