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Mar 01 2011 MUMBAI Feb 28 Reuters India will quadruple export duty on iron ore fines as it seeks to curb exports mostly to China in a budget move announced on Monday that hit domestic producer shares
Chinese demand has been especially strong for Indian iron ore of up to 58 Fe content to date in 2020 Indian iron ore product above 58 Fe is subject to a 30 export duty Global iron ore
Data from the Ministry of Commerce and Industry shows that the total iron and steel exports to China were worth 1 86 billion in April August 2020 up from 514 million for all of 2019 20
Chinese demand has been especially strong for Indian iron ore of up to 58 Fe content to date in 2020 Indian iron ore product above 58 Fe is subject to a 30 export duty Global iron ore trade has polarized in 2020 with a Chinese import boom offsetting a demand slump in the rest of the world
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