Tag: SAIL iron ore auction
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India: SAIL iron ore auctions a washout in May as govt slaps export duty
Iron ore auctions held by state-owned SAIL in May 2022 failed to attract any participation as the domestic steel raw material market remained in a bear grip after the government imposed 50% export duty on iron ore across grades and a steep 45% tariff on pellets exports on 22 May, SteelMint understands. Iron ore and…