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Indian officials may raise iron ore export tax rates again

URL: http://www.ferroalloynet.com/article/indian_officials_may_raise_iron_ore_export_tax_rates_again.html
Posted: Fri, 02 Sep 2011 03:39:00 GMT [2,294 days ago]
Keywords: Iron Ore
Channel: Iron Ore Policy
Tags: Iron Ore

Indian officials might improve the iron ore export tax rates again, to restrain exports and secure domestic market supply.

At the present, the India iron ore export tax rates is 20%. And the iron ore grade lower than 64% can be exported free. The Indian government declare to take appropriate financial measures to realise the goal.

If the Indian officials do that finally, the Indian iron ore resources will be fewer and fewer. It will be impossible for buyers to gain high grade India iron ore. They may turn to Brazil, Australia, South Africa or other non-mainstream iron ore. In that case, the Brazil, Australia...iron ore will be best seller. However, in the other hand, it will come to meet the Indian domestic iron ore demand and support the domestic steel market to some extent. For the development of India is a good deed. 
 


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