NDTV Profit

Government Scraps 5% Export Duty on Iron Ore Pellets

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.
EMAIL
COMMENTS
Government Scraps 5% Export Duty on Iron Ore Pellets
New Delhi: 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.

© Thomson Reuters 2016



For latest news on Business, like us on Facebook and follow us on Twitter.
ALSO READ Vishal Sikka's Resignation Wipes Out 30,000 Crores From Infy Market Value

Advertisement

Advertisement

GAINERS / LOSERS