Wednesday, March 30,
Indian Railways have levied surcharge on freight for Iron ore & coal w.e.f. 1st of April as it is considered to be the peak season.*
Surcharge on freight is 7 % for iron ore and 5 % for coal loading (domestic and exports).
Freight on exports is likely to move up by Rs 150-200/MT after the surcharge is implemented. Whereas,freight charges in domestic market are likely to go by Rs 30-50/MT.
According to exporters, “higher freight charges and weaker demand from Chinese buyers might reduce the iron ore exports further”
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