Indian Steelmakers Seek Export Tariff on Low-Grade Ore
Steel

Indian Steelmakers Seek Export Tariff on Low-Grade Ore

Indian steelmakers are advocating for an export tariff on low-grade iron ore pellets. The Steel Authority of India Limited (SAIL) and other major players are pushing for the implementation of this tariff to curb the export of lower-grade iron ore, which they argue is undermining the domestic market. The proposed tariff aims to ensure that the raw materials stay within the country, boosting local production and stabilizing prices. This move comes in response to concerns over the adverse effects of dumping and its impact on the steel industry.

Key points include the industry's push for protectionism, concerns over price stability, and the impact on domestic steel production. The steelmakers argue that the export of low-grade iron ore pellets affects their profitability and the overall health of the industry. They hope the tariff will promote better utilization of domestic resources and support the local steel sector against international competition.

Indian steelmakers are advocating for an export tariff on low-grade iron ore pellets. The Steel Authority of India Limited (SAIL) and other major players are pushing for the implementation of this tariff to curb the export of lower-grade iron ore, which they argue is undermining the domestic market. The proposed tariff aims to ensure that the raw materials stay within the country, boosting local production and stabilizing prices. This move comes in response to concerns over the adverse effects of dumping and its impact on the steel industry. Key points include the industry's push for protectionism, concerns over price stability, and the impact on domestic steel production. The steelmakers argue that the export of low-grade iron ore pellets affects their profitability and the overall health of the industry. They hope the tariff will promote better utilization of domestic resources and support the local steel sector against international competition.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?