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Iran to impose iron ore export duty from March

he Iranian government plans to impose a 10% export duty on non-concentrated iron ore from the beginning of the next Iranian year (March 21, 2018), according to a report by Steelprice, a domestic website close to the industry, citing Jafar Sargheini, a deputy at the mines and industries ministry.

The duty will also be increased from 10% to 15% within a year (from March 2019) and the government aims to impose another export duty on concentrated iron ore as well as on non-concentrated material, the report cited Sargheini as saying.

However, he did not announce the percentage of this duty nor the exact date of its introduction.

Iran also plans to eliminate the existing export duty on iron ore pellets, due to increases in production, according to Sargheini, who did not say when this would be put into effect. The export duty on pellets is currently 15%.