25
Nov
10:40
KIOCL restarts pellet plant following export duty annulment
KIOCL has restarted its Mangalore iron ore pelletising plant effective 24 November. This follows the annulment of India’s 45% iron ore pellet export duty last week, Kallanish notes.
The Indian merchant pellet producer previously suspended output in June following the duty imposition in May, then restarting output briefly in August before shutting down again. It said in August that domestic demand was insufficient to keep the plant running while the duty…
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