The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has warned that reducing India's 30 percent export duty on iron ore will harm the domestic steel industry which is currently experiencing a structural deficit of iron ore availability.
Upon requests from the mining industry to review the export duty on iron ore, ASSOCHAM has advised the Indian government to stay vigilant and not repeat the illegal mining mess caused by unrestrained iron ore exports.
As SteelOrbis previously reported, in January 2012 the Indian government had raised the iron ore export duty from 20 percent to 30 percent, both on iron ore fines and lumps.
Source:
http://www.steelorbis.com/steel-news/latest-news/assocham-cutting-iron-ore-export-duty-would-harm-indias-steel-sector-736243.htm
