iron – Bharat Pulse News

The Indian government has directed iron ore miners and exporters to increase production and cut domestic prices by half or face the possibility of an export duty or even a complete export ban starting 2 October 2025. The move comes after rising ore prices created difficulties for domestic steelmakers. Possible Export Duty The Finance Ministry is considering a duty of 10-20% on low-grade iron ore (with up to 58% iron content). In some cases, the rate could rise to 30%. Currently, much of this ore is exported duty-free. The step is aimed at securing affordable raw material for the steel industry. Industry Pushback Mining bodies, including the Federation of Indian Mineral Industries and the Goa Mineral Ore Exporters Association, have opposed the plan. They argue that higher duties could force mines to remain idle, reduce export earnings, and cause environmental risks due to stockpiled ore fines. On the other hand, Indian steel producers support the move, saying it will bring down their input costs. Current Production and Exports India produced nearly 290 million tonnes of iron ore in FY25. Exports of low-grade ore stood at about 30 million tonnes, down from the previous year. With domestic demand rising, the government has emphasised that supplies must remain available for local industries at reasonable prices.

Centre Warns Iron Ore Exporters of Duty or Ban

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