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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code