India plans to impose a 30% export tax on low-grade iron ore fines by October 2025 to boost domestic value addition and ensure raw material availability for local mills.
The Goa Mineral Ore Exporters’ Association (GMOEA) opposes the move, warning it could disrupt mining operations, cause stockpiling and waste, and threaten livelihoods.
Meanwhile, the Federation of Indian Mineral Industries (FIMI) argues that there is virtually no domestic demand for low-grade ore and claims the tax would increase waste and reduce employment.
Steelmakers like ArcelorMittal Nippon Steel (AMNS), JSW Steel, and Jindal Steel support the measure, saying it would strengthen India’s raw material security and enhance competitiveness by ensuring cheaper domestic ore supply.
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