New Delhi - India’s leading steelmakers’ body wants the government to impose an export tax on low-grade iron ore and pellets to address local shortages, according to a letter by the Indian Steel Association, according to a Reuters report.
India, the world’s fourth-largest producer of the steel-making ingredient, targets to double its steel output to 300 million metric tonnes per year by 2030 to aid its economic expansion and infrastructure development.
The ISA has sought a 20% export tax on low grade ore that has less than 58% iron . . .
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