Supply Chain Research

The Indian government may cut its 30% iron ore export tax to help alleviate excessive stockpiles. There are differences within government about the effectiveness of a move, and it wouldn’t be made until February anyway. Another hurdle: the duty may have been worth $540 million in the past 12 months. Nonetheless, Indian exports of all grades fell 45% in the third quarter vs. the peak of the first. China is the major destination market, accounting for 62% of Indian exports even though India is just 1% of Chinese imports.