Iran to impose Iron Ore Export Duty

By John Lee.

Iran reportedly plans to impose a 10-percent export duty on non-concentrated iron ore from the beginning of the next Iranian year (March 21, 2018).

Jafar Sargheini, a deputy at the Ministry of Mines and Industry, is quoted as saying that the duty will also be increased from 10 percent to 15 percent within a year, and the government aims to impose another unspecified export duty on concentrated iron ore.

The current 15-percent export duty on iron ore pellets is expected to be eliminated, due to increased production.

(Source: Platts)

No comments yet.

Leave a Reply