Thursday, February 24,
An increase in export duty on iron ore fines from 5-15% is expected considering that the focus is more on utilization of raw material resources in the domestic industry rather than exporting.* The Karnataka export ban and even the Orissa miners’ ban on exports in some areas have already been seen. So the government is quite keen on consuming the raw materials domestically and exporting finished goods. So this would be a step which they would be looking at.
An important thing the government would be looking at would be reducing the import duty on the coking coal. This would lead to lower input cost for the steel manufacturers and that would be again a big positive as major producers import coking coal from Australia and from outside sources. So this is what the normal wish list is.
The other thing which the players would be looking at would be the introduction of the mining bill. If it is introduced and passed, then it would be a major negative for most of the players whether it be mining or metal players.
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