Govt scraps 5% export duty on iron ore pellets
"This would improve capacity utilization of pellet plants and give necessary boost to (the) sector," Steel and Mines Minister Narendra Singh Tomar tweeted.
- Jan 5, 2016,
- Updated Jan 5, 2016 4:34 PM IST
The government has scrapped a 5 per cent duty on exports of iron ore pellets to make overseas shipments competitive amid a sharp fall in the world price of the steelmaking raw material, a government order showed on Tuesday.
"This would improve capacity utilization of pellet plants and give necessary boost to (the) sector," Steel and Mines Minister Narendra Singh Tomar tweeted.
(Reuters)
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The government has scrapped a 5 per cent duty on exports of iron ore pellets to make overseas shipments competitive amid a sharp fall in the world price of the steelmaking raw material, a government order showed on Tuesday.
"This would improve capacity utilization of pellet plants and give necessary boost to (the) sector," Steel and Mines Minister Narendra Singh Tomar tweeted.
(Reuters)
Track live Budget updates, breaking news, expert opinions and in-depth analysis only on BusinessToday.in