Iron Investing News » Export duty on iron ore may reach 20% in India

Export duty on iron ore may reach 20% in India

August 26, 2008 @ 11:20 pm In Iron Market News

Export duty on iron ore in India may rise to 20% for preventing steel prices from rising further.

An official source of Economic Times said:

The steel ministry has made a strong case, raising export duty on iron ore to conserve the mineral for value addition within the country. After the meeting between steel ministry officials and the mines ministry on the issue, it would now be discussed by the CoS for final approval.

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