Iran increased ore export tax to 50%

DTH36.jpg

This new announcement is a factor supporting ore market. Iran is known ore supplier to China ranks fifth with a total of 12.9 million tons in the first 11 months of 2010.

Limiting ore exports from India and Iran are opening up more opportunities for Ukraine to expand exports to China. Ukraine stood ore suppliers in China Friday after Iran with 10.4 million tons in the first 11 months.