Tag: Indian iron ore exports
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Low Grade Iron Ore Export Viability Still Thin on Reduced Freight Rates and 10% Duty
New freight rates for export of iron ore fails to draw attention of exporters. However, an exporter has purchased low grade fines in Odisha and Goa. Lower iron ore prices in seaborne market and export tax from India makes export unviable. It may be noted that government revised the Distance Based Charges (DBC) on iron…