Govt mulls ban on iron ore exports

“There is a demand that the country should not allow export of iron ore and it should be reserved for the domestic industry,” he said at a stainless steel industry conference and exhibition ‘Indinox 2010’.

He added that, “I subscribe to this view because we should export finished and value addition products instead of raw materials, as China is doing.”

Singh said that the Centre government has imposed five per cent export duty on iron ore.

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