In May 2022, the government imposed a 50% export tax on low-grade iron ore lumps and fines - with iron content below 58% - and a 45% export duty on pellets in an effort to meet rising local demand.

Citing the case of an iron ore mine under Joda circle, the audit said, average production of lumps of grade 60 per cent Fe and above was about 77 per cent before auction, which drastically reduced ...

Resources investors are braced for swinging cuts to China’s steel production to hurt local iron ore miners as the market also prepares for a surge in supply from new and big African projects.

New Delhi, Mar 16 () The country's largest iron ore miner NMDC has slashed prices of lump ore and fines by Rs 50 per tonne. NMDC has reduced the price of lumps or high grade iron ore by Rs 50 to ...