New duty makes iron ore pellet export unviable, prices to crash by 30%: Report - Economic Times

The government levied a 45% export duty - compared to nil earlier - on iron ore pellets effective 22 May. The move was meant to discourage export and thus arrest the price inflation in the domestic market.

The new 45% export duty levied by the government on iron ore pellets last month has made export of the material unviable and the prices are likely to correct by up to 30% because of this, according t… [+1686 chars]

full article...