Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The scrapping of the export duty on iron-ore, rather than a reduction in levy or a dual rate, was the only option of reviving India’s share in the global iron-ore export market, local miners said. In a communication to the government just ahead of India’s federal budget later this month, the miners noted that only by scrapping the 30% export tax on iron-ore would India be able to improve its market share in global trade, which slumped to 2% in 2013 compared to 20% in 2008.
The scrapping of the export duty on iron-ore, rather than a reduction in levy or a dual rate, was the only option of reviving India’s share in the global iron-ore export market, local miners said. In a communication to the government just ahead of India’s federal budget later this month, the miners noted that only by scrapping the 30% export tax on iron-ore would India be able to improve its market share in global trade, which slumped to 2% in 2013 compared to 20% in 2008.
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