Photo: Pradeep Gaur/Mint
Photo: Pradeep Gaur/Mint

Govt scraps 5% export duty on iron ore pellets

Steel and mines minister says the move would improve capacity utilization of pellet plants and give necessary boost to (the) sector

New Delhi: India has scrapped a 5% 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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