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Tata Steel demands zero import duty on iron ore The

Jan 30, 2013· Tata Steel on Wednesday demanded that import duty on iron ore be cut to zero for rescuing the domestic industry which is facing scarcity of the raw material and regulatory hurdles.

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Export duty on low-grade iron ore to be removed

A senior government official said: "Last month, the government reduced export duty on iron ore pellets to zero from 5 per cent to make the commodity more competitive amid subdued demand and weakening prices." Similarly, for iron ore lumps and fines, the cut in export duty will help producers cut their losses.

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Cut Duty On Iron Ore To Zero: Tata Steel

Tata Steel today demanded that import duty on iron ore be cut to zero for rescuing the domestic industry which is facing scarcity of the raw material and regulatory hurdles.

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Cut duty on iron ore to zero: Tata Steel Rediff Business

Jan 30, 2013· T ata Steel on Wednesday demanded that import duty on iron ore be cut to zero for rescuing the domestic industry which is facing scarcity of

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Government mulling import duty hike on iron ore The

Jan 15, 2019· The government is also considering to cut export duty on iron ore and the commerce and industry ministry has sought views of steel and mines ministry on the issue. The government is considering raising import duty on iron ore, a key raw material used in steel making, with a view to protecting the domestic industry, sources said.

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China lifts ban on scrap metal imports in new iron ore threat

Feb 16, 2021· China has quietly lifted a two-year ban on imports of scrap metal, a shift that fits a long-term strategy to reduce its reliance on Australian iron ore. Some economists say the move is an

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Iron Ore Imports by Country 2019 World's Top Exports

Iron nuts and bolts Globally, purchases of imported iron ore totaled US144.5 billion in 2019. Overall, the value of iron ore imports for all importing countries increased by an average 58.1% since 2015 when iron ore purchases were valued at $91.4 billion. Year over year, the value of iron ore imports accelerated by 23.6% from 2018 to 2019.

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Low customs duty, cheaper ore to reduce steel prices

Another factor contributing to lower HR coil prices is the cost of iron ore, a key input in steel production. State-run miner NMDC Ltd cut iron ore prices by ₹ 600 per tonne or about 10–12% in

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Government mulling import duty hike on iron ore The

Jan 15, 2019· The government is considering raising import duty on iron ore, a key raw material used in steel making, with a view to protecting the domestic industry, sources said.

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FIMI seeks scrapping iron ore export duty from Budget 2020

Jan 09, 2020· The Federation of Indian Mineral Industries (FIMI) wants the Centre to scrap the 30 per cent export tax on iron ore and 15 per cent export tax on bauxite in the coming budget 2020-2021.According to th

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Budget 2021 FM Sitharaman's Proposal To Cut Import Duty

In the case of steel, the finance minister has proposed zero duty for import of iron and steel scrap, including stainless steel, from 2.5 percent. A similar levy has been proposed for imports of

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FinMin to decide on removing iron ore import duty

Sep 16, 2014· Assocham also suggested that the government may consider reducing import duty on iron ore to zero from the current levy of 2.5 percent. India's iron ore production has come down to an all-time low of 144 million tonnes (MT) in FY'14 from the peak level of 218 MT in FY'10.

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Government mulling import duty hike on iron ore The

Jan 15, 2019· The government is also considering to cut export duty on iron ore and the commerce and industry ministry has sought views of steel and mines ministry on the issue. The government is considering raising import duty on iron ore, a key raw material used in steel making, with a view to protecting the domestic industry, sources said.

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Government mulling import duty hike on iron ore The

Jan 15, 2019· The government is considering raising import duty on iron ore, a key raw material used in steel making, with a view to protecting the domestic industry, sources said.

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Union Budget 2021: Why customs duty cut on steel imports

Rao said the lower of customs duty on steel scrap will help MSMEs and secondary steel producers, who use the scrap as an alternative to iron ore in steel making. India imports about 6.5 million

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Budget 2021: Zero import duty on coking coal should aid

Budget 2021 is around the corner and Seshagiri Rao, Joint MD and Group CFO at JSW Steel shared his expectations in an interview with CNBC-TV118. “For metal sector, what we are looking in the

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China lifts ban on scrap metal imports in new iron ore threat

Feb 16, 2021· China has quietly lifted a two-year ban on imports of scrap metal, a shift that fits a long-term strategy to reduce its reliance on Australian iron ore. Some economists say the move is an

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Iron ore duty hike: Govt mulling import duty hike on iron

Iron ore exports in 2017-18 dipped to USD 1.47 billion from USD 1.53 billion in the previous fiscal. New Delhi: The government is considering raising import duty on iron ore, a key raw material

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import duty of iron ore to be cut to zero Grinding Mill

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Changes in import duty rate for iron and steel as per

Jan 29, 2019· The Customs duty changes to import iron and steel is given below as per new Indian Budget 2017-18. Changes or customs rates as per Budget 2017-18 under this HSN Code list: 1) Basic Customs duty on Hot Rolled Coils falling under heading 7208 for use in the manufacture of welded tubes and pipes falling under heading 7305 or 7306 is being reduced

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Steel makers may not cut prices anytime soon despite

Saurabh Bhatnagar, partner and national leader, Metals & Mining, EY India, said the reduction in customs and anti-dumping duty on steel imports and zero customs duty on scrap imports will benefit

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Govt mulling import duty hike on iron ore Times of India

Jan 15, 2019· Cut these expenses to save more; New Delhi, Jan 15 The government is considering raising import duty on iron ore, a key raw material used

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Foundries demand import duty cut on pig iron, other key

Dec 25, 2020· Read more about Foundries demand import duty cut on pig iron, other key raw materials on Business Standard. Hit by surging input costs, the foundry industry in the country has demanded reduction of import duty for pig iron and other raw materials, an official said on Friday.

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China to cut or scrape tariffs on some imports and exports

Dec 24, 2018· China to cut or scrape tariffs on some imports and exports in 2019 Export tariffs on products including chemical fertilizers and iron ore will be scrapped, it said. Imported goods from China's Hong Kong and Macao into the Chinese mainland will enjoy zero

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