India's domestic debate for cut iron ore export taxes

The Indian government will iron ore export tax from the current 30% to 20%, ore to promote exports, alleviate the trade deficit, but the move was strongly opposed by domestic steel ASTM A234 socket welding pipe fitting tee and manufacturing immediately. Iron ore export duty is to maintain finally cut remains to be seen.

India presently there are two kinds of different points of view, a domestic mines and the ministry of commerce is required by the ore export taxes, they claimed that not only can cut export tax increase domestic iron ore production, reduce the trade deficit. Another view is that the long radius butt weld pipe elbow steel and manufacturing requirements to maintain the 30% export tax, and said, the government should not only consider the benefit of the mine, but also to the interests of the national iron and steel production and manufacturing. Iron ore export taxes to help protect the country's natural resources for a long time, meet the future development of iron and steel high-frequency ERW carbon steel tube industry, will also be implemented to 2025 2025 tons of iron and steel industry production of the guarantee of strategic objectives.

Mines and the ministry of commerce to cut export tax advice is that 60% of domestic iron ore production is powder ore, a large amount of powder ore would not be used by the domestic steel mills, currently Odisha, jharkhand, karnataka's mines stockpiling of ore fines from fiscal year 2008-09 fiscal year to 2012-13 has been increased, this part of the ore powder need to be exported until the utilization and development of the domestic steel mills.

Steel department retort that even if iron ore exports increased from 2008-09 fiscal year 105 million tons to 117 million tons, for the fiscal year 2009-10 mine powder ore inventory from 74 million tons to 90 million tons. And ore exports of 2011 tons from 2011-12 to 2012-13 in fiscal year 18 million tons, powder ore inventory only slightly from the same period of 123 million tons to 120 million tons, so that powder ore inventory should not serve as the reason for this reduction in exports.