India Raises Export Tariff on Iron Ore to 20%

[2011-03-03 14:08:36]


In order to meet the demand of domestic steel industry, on March 1, 2011, India will raise export tariff on ore fines from 5% to 20%. Besides, export tariff on lump ores will be raised from 15% to 20%.

The new tariff rate will take effect as from April 1, 2011.
Source: ETCN
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