Tuesday, March 01,
With an unexpected announcement of hiking export duty to 20% on Iron ore fines by Finance minister have increased cost up to Rs 1000/MT, squeezing margins of exporters and miners drastically..*
“We saw good bookings in the first week of February as export prices were surging all time high. Impact will not be seen immediately as those who have booked the material have to lift it and it will take about 2-3 weeks said one of the mine owners based in Orissa. Number of queries has come down in last few days he added.
Leave a Reply