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·Smaller steelmakers in India are pressing for a ban on exports of iron ore after a surge in sales to Chinese mills pushed up local prices Indian exports jumped 170% to 44 million tons last year — most of which went to China — at a time when domestic demand for the raw material is rising That s prompted the worst affected sections of
·The steelmakers in the country have demanded iron ore export ban as the shortage resulted in a spike in prices of raw material as well as steel According to an executive in a large steel company
·Key Words iron ore Japan embargo trade Western Australia steel industry he decision of the Lyons Government in 1938 to embargo the export of Australian iron ore meant that no iron ore left Australia for foreign ports for a quarter of a century 1 The iron ore export embargo has been the subject of various interpretations
·Indian steel mills seek iron ore export ban as China sales jump Smaller steelmakers in India seek a ban on iron ore exports after a 170% surge in sales to Chinese mills inflated local prices Fearing industry shutdowns lobby groups from major manufacturing states request government restrictions
·NEW DELHI The Ministry of Steel has supported before the Supreme Court that the ban on export of iron ore mined in Karnataka should be lifted The Supreme Court on April 11 had sought the
·The Supreme Court on Friday permitted mining firms to export their excavated iron ore from mines in districts of Ballari Chitradurga and Tumakuru in Karnataka
·India s Supreme Court announced the end of an eight month ban on iron ore shipments from the southern state of Karnataka freeing up a quarter of exports from the world s third largest
·The Supreme Court on Monday asked the ministry of steel to clarify its stand on lifting ban on export of iron ore from Karnataka While noting that there is no restriction in other parts of the
· We have asked the government to ban exports of all forms of iron ore — otherwise China s steel industry will run and ours will shut Anil Nachrani president of the Chhattisgarh Sponge
·But another industry executive called the export ban idea bunkum as its effect on iron ore prices India s standing in the World Trade Organisation and the loss of jobs and tax revenues
·1 Introduction In 2014 Indonesia holding the world s largest nickel reserves instituted a ban on nickel ore exports to strengthen its domestic industry and preserve natural resources Widiatedja Citation 2023 This policy which requires foreign companies to process nickel ore within the country before exporting aimed to enhance the value of nickel Garside
·The Supreme Court on Monday reserved its verdict in the plea seeking lifting of the ban on export of iron ore mined from Karnataka [Samaj Parivartan Samudaya vs State of Karnataka]
In this context the decision to ban iron ore exports in 1938 grew out of this concern and was motivated primarily by the strategic implications of a Japanese iron ore project at Yampi Sound in the State of Western Australia The Australians did not know whether the Japanese had included Australia within their sphere of influence in the South Seas
·The court which had on October 5 last year stopped mining transportation and export of iron ore in Goa following a report of irregularities by the Justice M B Shah Commission also ordered setting up of another six member panel asking it to file its report by February 15 2014 suggesting the annual cap on the volume of iron ore to be
·But exports of copper iron ore lead zinc and anode mud from copper concentrates will be allowed until smelters many of which were delayed by the pandemic are ready to handle the materials
·Steelmakers without captive mines seek a ban on iron ore exports to safeguard their industry while iron ore producers oppose this move Primary steel producers advocate for import restrictions on finished steel products to protect domestic steel production The Indian Steel Association emphasises the need to curb imports to maintain self sufficiency in steel
·The dispute started in 2021 when the EU asked for the establishment of a panel saying that the Southeast Asian country s requirement for minerals to be processed locally and its failure to
·The industry s plea comes against the backdrop of a significant surge in iron ore exports to China impacting the availability of this crucial raw material for the Indian steel sector The call for an export ban stems from the desire to prioritise domestic supply and stabilise prices in the face of robust Chinese demand
·The story so far On August 26 2022 the Supreme Court raised the ceiling limit of iron ore mining for Ballari from 28 MMT to 35 MMT Chitradurga and Tumakuru districts from 7 MMT to 15 MMT
The Supreme Court on Monday sought the steel ministry s response on pleas to lift the ban on the export of iron ore from Karnataka after the mines ministry responded favourably to requests by
·India in May 2022 raised the export tax on low grade iron ore lumps and fines with iron content below 58% to 50% from zero and hiked the duties on pellets to 45% from zero as part of efforts
·The ore export ban will enable Indonesia to gain additional revenues from income tax value added tax non tax revenue and export duties Stopping raw material exports would enable products such as lithium batteries battery electric vehicles semiconductors among others to be produced in Indonesia Jokowi said
Zigzags on Indonesia s ore export ban continue This month as D Day approached for the ban to be fully implemented the Indonesian government again made a last minute compromise the effect of which is to potentially suspend the full ban until 2022