India's new export tariff on iron ore pellet unlikely to have big impact on China - sources

India introduced an export tariff on iron ore pellet exports for the first time ever on Sunday May 22, but sources said there was unlikely to be a massive impact on the Chinese market, despite China currently importing 1.3 million tonnes of Indian iron ore every month.

The tariff of 45% for iron ore pellet exports, joins an existing levy on iron ore concentrates, which has been increased from 30% to 50% and now covers all grades...

Published

Alex Theo

May 23, 2022

07:36 GMT

Singapore