Iron Ore Exports

ISA seeks export tax on low-grade iron ore, pellets to curb local shortages

India currently does not tax exports of low-grade iron ore, but levies a 30 per cent export duty on high-grade iron ore

October iron ore exports 'nearly zero', says mining body official

"In October, exports were nearly zero, and it will be so while the duty remains," R.K. Sharma, secretary-general of the Federation of Indian Mineral Industries (FIMI), told Reuters in an interview

'Hike in export duties on iron ore, pellets to raise costs for steel mills'

India's imposition of higher export tax on iron ore and various intermediate products such as pellets will raise costs for steel mills, says Moody's

Top mining, steel groups warn of adverse impact from export duty hikes

The increase in export taxes on iron ore, announced by the government over the weekend, will lead to large surpluses at home, and mainly hit producers of low grade ores that depend on overseas markets

Selling few iron ore blocks infrequently creates artificial deficit: Jindal

Says people end up paying a huge premium and then the assets become unsustainable

Double-digit rise in exports helps India nearly halve trade gap with China

Exports to China saw sustained double-digit growth for the fourth straight month in August, led by eightfold rise in iron and steel shipments

As domestic iron ore price rises, steel industry demands ban on its export

The domestic secondary steel industry contributes nearly 55 per cent to the total production of the alloy in the country

Iron ore prices surge, but export curbs play spoilsport for Indian firms

An unexpected surge in Chinese demand has sent global iron ore prices to a six-and-a-half-year high but export restrictions prevent Indian companies from taking advantage

SAIL seeks permission from Odisha, Jharkhand to auction 70 MT fines

Depending upon the Fe content, the iron ore can fetch a price of USD 40-45 a tonne to USD 62 a tonne, an expert said

Budget 2020: Merchant miners seek 30% export duty waiver on iron ore

Miners through Federation of Indian Mineral Industries (Fimi), have stressed on exemption of the steep export tax since there were hardly any takers for baser grade ore within the country

Global iron ore production set for modest growth during 2019-2028: Research

Iron ore supply growth woul be primarily driven by India, Brazil where major miner Vale is set to expand output with its new mine

Steel minister okays iron ore supply to Andhra for greenfield steel project

NMDC to soon sign an MoU with Andhra govt for ore linkage; steel minister Pradhan hints at huge petroleum investments in state, say players want to park as much as Rs 2 trn in the east coast

Slide in iron ore prices to hurt exports from India, further slump seen

After hitting a five-year high of $121 a tonne in July, spot iron ore prices tanked to $93

Global iron ore prices at five-year high, but India fails to cash in

By failing to extend the zero export duty benefit on higher grade ore, Indian miners could not cash in on supply shocks and rising Chinese demand

Iron ore exports tumble 32% in Apr-Feb on weak demand, steep export duty

Exports of iron ore pellets, too, declined 7 per cent in April-January period of last fiscal due to uncertainty in winter output cuts in China and weak inquiries from the non-Chinese markets

Iron ore supply disruptions spike demand for low-grade Indian fines

Global supply turmoil created by shutdown of a string of mines held by Brazil-based Vale, the world's largest iron ore miner

After a 23% start, iron ore cargo growth at major ports turns flat in Dec

The reason: slackening exports of low grade ore, with demand from China down to a trickle

Steel makers anxious as iron ore miners up prices over export demand

62 Fe grade iron ore prices rise by over 9% in 2 weeks as global prices climbed on China demand

Iron ore export slumps with fall in global prices

Iron ore exports from India were down 53 per cent in the past two months as China, a major consumer, took better quality ore from Australia to feed its integrated steel plants, taking advantage of a slump in global prices.Macquarie Research says after a surge in iron ore export to 49 million tonnes (mt) in March, these slumped to 23 mt in May. With seaborne ore prices down 40 per cent from the peak in late February, the Indian high-cost export is fading away. Shipments from Goa have become unviable and volumes from the east coast have started diverting to domestic markets, it said.Spot iron-ore prices have slumped to $55 a tonne, from a recent peak of $94.5 a tonne in late February.Indian iron ore production saw 23 per cent growth in FY17 over a year before, at 190 m. The report forecasts production to grow to 206 mt, up eight per cent. With declining export, it expects a domestic surplus of 18 mt in FY18, adding to the surplus of 14 mt in FY17. According to an industry expert, the ...

Iron ore exports begin to revive as govt scales down restrictions

Miners are returning to world market after a near collapse of exports in the wake of the mining ban