Archive · 21 Sep 2025
Industry Body Warns of Negative Impact from Iron Ore Duty
The government is considering a tax on exporting low-quality iron ore.
A business group called UCCIL, which represents iron ore miners, is worried about this.
They fear the tax will cause production to fall, prices to drop, and make it harder to compete in the global market.
They believe it could also hurt jobs and regional economies.
UCCIL is urging the government to reconsider, especially in Odisha, a major iron ore producing state.
UCCIL warns a proposed export duty on low-grade iron ore will have negative consequences.
The government plans to impose a 30% export duty starting in October.
UCCIL expects declines in production and domestic prices.
The Chamber anticipates significant financial losses to mining states.
Odisha accounts for 55% of India's iron ore output.
- Who
- Utkal Chamber of Commerce & Industry Ltd (UCCIL), Central and Odisha Governments
- What
- UCCIL warns of negative effects from proposed export duty on low-grade iron ore.
- When
- October (Proposed Implementation)
- Where
- India, focusing on Odisha
- Why
- UCCIL believes the duty will harm production, exports, and jobs.
- Organization Expressing Concern
- Utkal Chamber of Commerce & Industry Ltd (UCCIL)
- Proposed Government Action
- 30% Export Duty on Low-Grade Iron Ore
- Estimated Production (2024-25)
- Approximately 277.83 MT
- Key Iron Ore Producing State
- Odisha (55% of national output)
- Potential Loss to Odisha's Exchequer
- Over ₹10,000 crore annually (Industry estimate)
- Potential Loss to Mining States
- Over ₹16,200 crore
