Henan Yuanzheng Metallurgy Technology Co. ，Ltd.

 

  Indian ore pellet prices on the canceled export tax welcome they are asking the government to further reduce export taxes powder ore and lump ore.

 

  However, for the purposes of the Indian miners, the move may be too late. Currently, iron ore spot prices have dropped to $ 40 / ton level, weak Chinese and global pellets and lump ore needs, and then make the expansion of large-scale mining ore prices remain weak.

 

 Analysts said the export tax rate of 5% is not high, India costs tons of ore pellets in 1500 rupees ($ 22.5), taking into account the price of ore at a low level, the elimination of export taxes will not necessarily bring great benefits, unless ore price stabilized.