India cuts export tariff on iron ore

According to announcement issued by the Ministry of Finance of India on November 18, to stimulate domestic steel industry and boost exports, from November 19, the 50% export duty imposed in May this year on iron ore lump and ore fines with an iron content of less than 58% will be lifted; the export duty on ore lumps and fines with an iron content of more than 58% will also be reverted to 30%; and exports of pellets will recover zero-tariff treatment.

In addition, exports of pig iron and steel products (HS 7201, 7208, 7209, 7210, 7213, 7214, 7219, 7222 & 7227) will recover zero-tariff treatment. Import duty on anthracite/PCI coal, coking coal and ferronickel will be reverted to 2.Asian Metal Copyright5%, and that on coke and semi-coke to 5%.Asian Metal Copyright5%, and that on coke and semi-coke to 5%.
.Asian Metal Copyright Import duty on anthracitePCI coal, coking coal and ferronickel will be reverted to 2Asian Metal Copyright