Higher Indian iron ore, steel export duties to hit Supramax, .
WEBMay 27, 2022 · India announced on May 21 a 45% export tax on iron ore pellets and 15% on steel exports, which is expected to dampen the bulker freight rates for outbound cargoes. Indian steel export volumes stood at around million mt during JanuaryApril, up 14% on the year, according to data from SP Global.