MYSTEEL: India 'unlikely' to impose export tax on low-grade iron ore

Source: Mysteel Sep 25, 2025 09:20

The Indian government has reportedly deferred a plan to impose a 30% tax on exports of low-grade iron ore (Fe content below 58%), following strong opposition from the domestic mining industry and from key ore-producing states, Goa and Odisha. Originally scheduled to take effect from next month, the tax was aimed at ensuring sufficient iron ore remains in the country to meet the needs of its rapidly expanding steel industry, but local media reports point to a decision being delayed.

The delay means the duty seems unlikely to be introduced any time soon and even if it is, China's iron ore imports will be barely affected, Mysteel suggests in a new report. India weighs iron ore export tax for domestic steel growth Since 2007, India has restricted iron ore exports