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Steel Ministry is determined to ensure iron ore availability

The export duty on iron ore fines of 5% and lumps of 15% is not deterring such exports. So the steel ministry is considering quantitative restrictions on iron ores. Steel prices have slackened after imposing export duty but international prices kept the steel price up. According to Ministry, it will push for a further increase in export duty if there is a need to ensure iron ore for the domestic market.

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