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May 25, 2019· At over $100 a tonne, the global price of iron ore's higher grades is now the highest in five years, kindling hope of revival in export of lower grades of ore from India. Export of iron ore of up to 58 per cent ferrous content (58-Fe) attracts zero duty. Traders say once the price of this baser grade of ore breaches $70 a tonne, export ...
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29/5/2020· The "India Iron Ore Mining to 2024" report has been added to ResearchAndMarkets's offering This report comprehensively covers Indian reserves of iron ore, historic and forecast trends in the country's iron ore production and the key active, exploration and development iron ore mines and.
Jun 14, 2019· BHUBANESHWAR: India's domestic steel lobby has objected to iron ore miners seeking a removal of export duty on 58-62 Fe grade ore and sought instead an increase in the duty. Pellet Manufactures Association of India (PMAI) in a letter to the prime minister's office (PMO) on June 12 asked for export duty to be increased from current 30 per cent to 50 per cent.
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Mining iron ore is a high-volume, ... The total recoverable reserves of iron ore in India are about 9,602 million tonnes of hematite and 3,408 million tonnes of magnetite. ... iron ore prices have been decided in closed-door negotiations between the small handful of miners and steelmakers which dominate both spot and contract markets.
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