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India's iron ore exports may slip on duty hike
India's iron ore exports for the year ending March 31 were likely to fall from the previous year, as hikes in export duty and freight cost slowed down deals, the head of the Federation of Indian Mineral Industries (FIMI) said on Friday. The exports were expected to be between 90 and 100 million tonnes compared with the previous year's 106 million tonnes, said Siddharth Rungta, president of FIMI. "It