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Iron ore exports to hit a new low in FY13
India’s iron ore exports are likely to hit a new low during the 2012-13 financial year and settle at about 40 million tonnes (mt), a drop of close to 35 per cent over the current year’s estimates. Exports are estimated to decline to about 60 mt in 2011-12 from 100 mt in 2010-11, a fall of 40 per cent.
“The decline in exports is mainly due to rise in export duty to 30 per cent and
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