Author: Seema Goenka

Indian Iron Pellet export market opened up when domestic prices touched an all time low at INR 6,100/MT (Ex-work Barbil) on 22 July, 2013. Exporters received a better realization from overseas trades as Rupee depreciated against USD and Chinese Iron ore prices were high. On 27 Jan, 2014, 5% export duty on Pellets imposed by Indian Government has lowered realizations by INR 500/MT.…