Reuter cited analyst said that India's iron ore exports should pick up after the government removed export duty but the measures are unlikely to turn the trend dramatically in the current financial year that ends in March 2009.
Mr RK Sharma secretary general of the Federation of Indian Mineral Industries said that "We will be able to export more iron ore than we have been. It will definitely make our iron ore more competitive."
Mr Sharma said that India's total exports of iron ore could be around 95 million tonne to 100 million tonne this year, against 104 million tonne in 2007-08.
Mr Glenn Kalvampara secretary of Goa Mineral Ore Exporters' Association said that the moves would help iron ore exports from the western tourist state but would still be below a year earlier.
He forecast iron ore exports from the state at around 26 million tonne in 2008-09, also helped by demand from China, the biggest market for Indian ore. This would be higher than earlier projection of around 20 million tonne, but below 33 million tonne exported in 2007-08.
Indian government has scrapped an export tax on iron ore fines last weekend.
Source : Steelguru