importence of indian iron ore e ports

Massive scam of iron ore export from Karnataka - Kashmir Times

2 · NEW DELHI, Oct 8: A massive scam of illegal iron ore export from Karnataka worth Rs 40,000 crore by several unlicensed private parties has been unearthed by the Law Ministry, citing a loophole in a 2014 government notification exploited by them to go in for the exports without paying a single rupee as export duty for the past over six years. />The Congress on Thursday swooped over a report by ...

Export Data and Price of indian iron ore | Zauba

View detailed Export data, price, monthly trends, major exporting countries, major ports of indian iron ore

Iron Ore Exports by Country 2019 - World's Top Exports

Jun 24, 2020· Iron ore smelter International sales of iron ore exported by country totaled US$122.5 billion in 2019, increasing by 74.2% since 2015 when iron ore shipments were valued at $70.3 billion and expanding 30.3% from 2018 to 2019. From a continental perspective, Oceania (mostly Australia) sold the greatest amount of exported iron ore at 53.8% of the global total.

Explained: Why India's Iron Ore Export To China Has ...

Jul 31, 2020· China's record import of Indian iron ore is crucial since it makes up 70 per cent of total exports of the ferrous metal ore. This, to an extent, has kept its prices in India firm.

Iron and Steel Industry in India - Drishti IAS

The process of sponge iron making aims to remove the oxygen from iron ore. The quality of sponge iron is primarily ascertained by the percentage of metallization (removal of oxygen), which is the ratio of metallic iron to the total iron present in the product. Import and Export of Iron & Steel. Although India started exporting steel way back in ...

Steel industry writes to PMO as iron ore exports to China ...

Oct 01, 2020· NEW DELHI: India's steel industry is seeking a ban on exports of iron ore and has petitioned the Prime Minister's Office (PMO) in this regard. Government data show that from April to August this year, India's iron ore production came down by 36 per cent whereas its exports surprisingly went up by 80 per cent during the same period.

India Iron Ore Exports Seen Plunging After Tax Rise

India Iron Ore Exports Seen Plunging After Tax Rise. India Iron Ore Exports Seen Plunging After Tax Rise - India's iron ore exports are likely to be 75 percent lower than previously expected in the quarter ending in March as a rise in export duties kicks in as part of the government's push to conserve supplies for domestic steelmakers.

Ports of India - An Integral Part of India's International ...

It is one of the premier iron ore exporting ports of India with an annual throughput of around 26.74 million tonnes of iron ore traffic. It was commissioned in the year1888 and was declared a major port in 1964. Today the quantity of iron ore exported from Marmugao port constitutes 39 per cent of the total iron ore exports of India. 4.

Congress screams 'scam' in Iron Ore Pellet export based on ...

2 · In the same budget, export duty for all other types of iron ore were changed to 20 per cent ad valorem. The second claim that only Kudremukh Iron Ore Company Limited is allowed to export iron ore pellets is also totally wrong. Ministry of Law and Justice has …

No change in export policy of iron ore pellets, Modi govt ...

2 · New Delhi: The government on Thursday said there has been no change in the export policy of iron ore pellets not manufactured by Kudremukh Iron Ore Company Ltd, rebutting charges levelled by the Congress that Rs 40,000 crore worth of the product was exported in violation of rules by some private players, causing loss to the state exchequer. Issuing a clarification, the Department of Commerce ...

iron ore exports: Latest News on iron ore exports | Top ...

2 · Royalties included in mining law to limit growth potential of iron ore industry: Fitch Solutions 13 Feb, 2020, 01.06 PM IST "As part of India's 2016 Union Budget, export duties for iron ore lumps and fines below 58 per cent Fe content were reduced to nil from 30 per cent and 10 per cent respectively.

Export Policy for Iron Ore | Ministry of Steel | GoI

KIOCL is the canalizing agency for its own products (iron ore concentrates and iron ore pellets) since it is a 100% E.O.U (export oriented unit). High-grade iron ore (Fe content above 64%) from Bailadila in Chhattisgarh is allowed to be exported with restrictions on quantity imposed primarily, with a view to meet domestic demand on priority.

No change in export policy of iron ore pellets, Modi govt ...

2 · New Delhi: The government on Thursday said there has been no change in the export policy of iron ore pellets not manufactured by Kudremukh Iron Ore Company Ltd, rebutting charges levelled by the Congress that Rs 40,000 crore worth of the product was exported in violation of rules by some private players, causing loss to the state exchequer. Issuing a …

Scam in iron ore exports, tax evasion of 12 thousand ...

Kheda said the duty was wrongly waived for wrongfully selling 30 per cent duty on iron ore through shrapnel. Concentration of iron ore concentrate was also relaxed. They allege that in this way iron ore worth about 40 thousand crores has been exported to many countries. He said that many such companies also sent important iron ore abroad ...

14 Important Seaports In India Everyone Should Know About ...

May 16, 2020· 14 Important Seaports In India. Before we list down the available options of ports that you can visit and explore in India, let us clarify that the majority of these places have several other tourist sites around that you can explore too. So, planning a whole …

No change in iron ore pellets export policy, final legal ...

NEW DELHI: The government on Thursday said that there has been no change in the export policy of iron ore pellets not manufactured by Kudremukh Iron Ore Company Ltd (KIOCL), refuting allegations by the Congress that Rs 40,000 crore worth of iron ore pellets were exported in violation of rules by some private players causing loss to the state exchequer.

No change in export policy of iron ore pellets; final ...

2 · The government on Thursday said there has been no change in the export policy of iron ore pellets not manufactured by Kudremukh Iron Ore Company Ltd, rebutting charges levelled by the Congress that Rs 40,000 crore worth of the product was exported in violation of rules by some private players, causing loss to the state exchequer.

A 360 Degree Outlook of India's Iron Ore Exports & Imports ...

India Iron Ore Production in last 5 Years Iron Ore Export in India in FY19 India Iron ore and Pellet export of last five years. Indian iron ore exports are continuously tumbling after reaching 32.52 mnt in FY17. In FY18 it fell by 24.13% to 24.68 mnt. In FY19, it again decreased to 16.14 mnt reporting a dip of 34.58% compared to previous year.

EXPOSE: A tweak in rule and iron ore export scam worth Rs ...

2 · Terming the scam as the "Modi-made iron ore export scam", Khera alleged that the Modi government, after assuming power in 2014, removed the 64% concentration cap on iron ore and allowed Kudremukh Iron Ore Company Limited (KIOCL) – a public sector company under the Ministry of Steel – to export iron ore to countries like China, Taiwan, South Korea and Japan.

Higher Iron Ore Imports by India Loom as Mining Leases ...

Oct 03, 2019· India was last a net importer of the raw material in 2015 when the country shipped in 10.6 million tons of the mineral compared with 4.3 million tons of exports, according to trade ministry data.

India's Iron Ore Problem: Plentiful Supply Held Back by ...

Jan 13, 2017· Many within the mining sector are of the opinion that the export tax must go, or at the very least be reduced, to boost exports. India exported 5.4 mmt of iron ore in all of 2015-16, and the ...

India's Iron Ore Output & Consumption Rising y-o-y

In CY19, India's iron ore & pellet exports to China increased by 64% to around 24.79 MnT in CY19 against only 15.11 MnT in CY18. China alone accounted for a share of 77% in total Indian iron ore exports. After China, Japan is the second-largest buyer of Indian iron ore with a share of around 5% followed by South Korea with 3% share.

Congress sniffs iron ore export scam - Telegraph India

2 · Explaining the process of loot, Congress spokesperson Pawan Khera said, "Export of iron ore by India attracts a 30 per cent export duty and, prior to 2014, only government-owned Metals and Minerals Trading Corporation of India (MMTC) was allowed to export iron ore. Even MMTC was only allowed to export iron ore with 64 per cent concentration ...

Why India's bounce in steel and iron-ore exports to China ...

Sep 22, 2020· Interestingly, the bounce in Indian iron ore exports came at a time when prices of the raw material zoomed past coking coal for the first time in 25 years. In fact that was the main driver for Chinese imports of semi-finished steel as it was cheaper to get the material than make it from scratch with iron -ore and coking coal.

Why India's bounce in steel and iron-ore exports to China ...

Sep 22, 2020· Among the few things that have saved the nation's blushes on trade, India's robust steel and iron-ore exports to China following the Covid-incuded lockdown have surprised most observers. However, there are now clear signs emerging that the robust pace of shipments may moderate now. Exports of semi-finished steel and finished steel rose 69% and 28% […]

Rs 40,000-cr scam of iron ore export from Karnataka unearthed

2 · New Delhi: A massive scam of illegal iron ore export from Karnataka worth Rs 40,000 crore by several unlicensed private parties has been unearthed by the Law Ministry, citing a loophole in a 2014 ...

Rebound in Indian iron-ore exports to China provides ...

Jul 15, 2020· Amid the India-China border tensions that have rattled trade sentiment, Indian iron-ore exports to its neighbour have been quietly making a strong comeback despite the Covid-19 pandemic and border tensions, underscoring the unrealised potential value for business. India, upset with Beijing over a July border conflagration in Ladakh in which 20 Indian soldiers were killed, is […]

India: Congress alleges corruption in iron ore export ...

1 · The Opposition Congress has alleged corruption in export of iron ore and has demanded the Centre to give a list of companies that received licence to export iron ore since 2014.

Production and Distribution of Iron Ore in India

Exports: India is the fifth largest exporter of iron ore in the world. We export about 50 to 60 per cent of our total iron ore production to countries like Japan, Korea, European countries and lately to Gulf countries. Japan is the biggest buyer of Indian iron ore accounting for about three-fourths of our total exports.

Hit by Rising Iron Ore Pellet Exports to China, Secondary ...

Aug 14, 2020· India's export of iron-ore to the neighbouring country during the first six months of the current fiscal was at 20 million tonne, an eight-year high, while the domestic secondary steel producers are facing a dearth of raw materials and rising prices of it, officials said on Friday.