Dubai, one trader said, lump ore and fine ore export taxes may be relevant departments and customs of the communication problems caused by, hoping to further define the message. A Chinese trade relations with Iran mines company also said that the levy export tax on iron ore fines and lump ore is an administrative error, should be canceled within two weeks.
Chinese trader said, unwilling to pay export taxes, about 10% of the export of ore through the port of Bandar Abbas Iran lump ore and fine ore suppliers to cancel shipments. A trading company and then the user claimed that the force majeure. Iran's mining companies World steel pipe network editing , said that the need to obtain foreign exchange from exports to repay the loan to build pellet plant, if the export tax implemented immediately, then they will not be able to pay off the loan.
today Guangdong local businesses offer summary
steel futures weekly / monthly analysis report
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Iran Mining Development and Reform Organization (IMIDRO) said in a statement on November 23 last year, Iran's president has approved the iron ore export tax, the export tariff of iron powder pellets was 50%, 35%.
Iranian government has begun to collect all grades of iron ore export tax of 50%, with effect from January 19. This news surprise for the market, the export tax is not just for the entry into force of the previously claimed that the iron powder and pelletsWorld Steel Pipe , lump ore and fine ore.
Iran is China's fifth-largest iron ore supplier, the first 11 months of 2010, 12.9 million tons of China's export ore.