Union Government abolishes export duty on iron ore pellets

To compete with other suppliers in global markets and make way for further excavation at mine sites, Mineral exporters have urged the government to abolish export duty.

• The government levied 5% export duty on pellets, 10% on bauxite and 30% on chromite and iron ore.

Low grade iron ore mined automatically while mining high grade is not used by domestic steel mills. So, its exports should be encouraged to vacate the mine sites where the same is deposited.

• Massive stock of iron ore stored at the eastern coast of Odisha which awaits duty reduction for exports to China to compete with other global suppliersincluding Australia and Brazil.
• Secretary Iron Ore Exporters’ Association: P K Chaki