2016-17 Budget had removed export duty for iron ore lumps and fines with iron content of less than 30%
Ore with 62 per cent content delivered to Qingdao tumbled 5.7 per cent to $54.99 a dry tonne, according to Metal Bulletin
The total stock is a little less than India's current annual production
Higher at end of FY16 at 140 mt than a year before, due to low offtake from user industries; mining sector asks for govt help on freight and duties to enable export
Minister of Steel and Mines Narendra Singh Tomar said that there should be a balance on exports and demands of domestic industry
Official says developing strong value-added products industry will strengthen manufacturing sector
Imports tank 63 per cent in FY16 to 5.6 mt due to higher domestic availability.
The surge in export was on the back of waiver in export duty and pruning of rail freight.
With below par production impacting royalty collection, the respective deputy directors of mines have issued showcause notices to the miners in Joda and Koira
The booking price of e-auctioned ore is on the rise with improvement in demand from steel companies
Mining industry body says exemption would incentivise exporters from Goa