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IndianIron OreImports Shoot Up by 44% in FY19; Cross 12 MnT Indian Ferro Chrome prices increased amid improved global market conditions. In China, there is decrease in VAT rates – from 16% to 13% which would have been effective from 1st Apr’19, but the notification is still awaited.

Ironmaking.Iron oreis produced in around 30 countries – in 2017, the largest producers were Australia, Brazil and China. Around 98% ofiron oreis used insteel-making. During theiron-making process, a blast furnace is fed with theiron ore, coke and small quantities of fluxes (minerals, such as limestone, which are used to collect ...

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