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Hike in iron ore export duty

worries firms
Mar 1, 2011, 05.23am IST

BANGALORE: Mining companies have expressed concern over the 20% export duty on
iron ore imposed in the Union budget. "The duty is a bolt from the blue to the mining
industry which is suffering in Karnataka due to illogical ban on iron ore export. It's a
matter of concern as to who will bear the cost, the seller or the buyer. This is a steep hike
from 5% to 20%," Rahul Baldota, executive director, Baldota Group said.

Karnataka gets two types of iron ore __ fine and in lumps. India exports only the fine
quality and its export duty has gone up from 5% to 20%.

India trade min says sees FY11


exports seen at $225 billion
Feb 23, 2011, 04.51pm IST

NEW DELHI: India's exports in the current fiscal year to March 2011 is seen at $225
billion, Trade Minister Anand Sharma said on Wednesday.

India's exports in January provisionally rose an annual 32.5 percent to $20.6 billion, the
trade secretary said this month, adding he saw exports for the year to March at more than
$220 billion, slightly higher than the government's $200 billion target.

India's engineering exports up


50% in Dec
|Jan 30, 2011, 11.16am IST

NEW DELHI: India's engineering exports grew by about 50 per cent year-on-year to $5.5
billion in December, 2010, on the back of increased demand from US and Middle East
markets, according to leading trade body.

"We are getting a good number of orders from the US and Middle East markets,"
Engineering Export Promotion Council (EPCH) Chairman Aman Chadha said.

He, however said, the recovery in the European economy is still fragile and demand is yet
to pick up.

Out of India's total engineering exports worth $32.5 billion in FY2009-10, the US and EU
accounted for about 65 per cent of the shipments.

During April-December, 2010-11, the exports jumped about 50 per cent to $37 billion,
compared to the corresponding period of the previous fiscal.

To reduce dependence on traditional markets like the US and Europe, exporters are
exploring new destinations in regions like South-East Asia and Latin America.

Engineering exports include heavy engineering goods, transport equipment, capital


goods, other machinery/equipment and light engineering products like castings, forgings
and fasteners.

No tsunami effect on Indo-Japan


trade
Mar 13, 2011, 11.17pm IST

BHARUCH: The havoc wrought by tsunami in Japan has created panic among local
industrialists in Bharuch district, especially in Ankleshwar and Panoli industrial estates
where at least 20 units are engaged in export business only with the Far East nation.

India and Japan had recently signed a Free Trade Agreement eliminating tariffs on 94 per
cent of goods. The two nations have within ten years become the biggest free-trade
partners. Meanwhile, Japan businessmen have communicated to their business partners
and clients in India that their country was limping back to normal and they were ready
for resumption of regular trade, industrial associations said.

The overall bilateral trade between India and Japan stood at over US$10 billion in 2009-
10. "Ankleshwar, Panoli and a few Jhagadiya-based units export hair colour, dyes,
pharmaceutical items and ink to Japan," said Chandu Kothiya, president, Ankleshwar
Industrial Association.

"Tsunami and earth quake have affected northern Japan. The maximum number of
industries is located in other parts of Japan. We have also received mails from our clients
saying that they will restart their units in a week's time," said MS Jolly, owner of an
export firm at Panoli.

Ukraine issues 2010 coke import


and export data
11 Feb 2011 22:53:54 IST

SteelOrbis - In 2010, Ukraine's coke exports increased by 59 percent to 1.466 million mt,
valued at $444.5 million, while its coke imports went up by 22.4 percent to 305,510 mt,
valued at $93.8 million, both compared to 2009.

In December 2010, coke exports from Ukraine decresed by 39.5 percent month on month,
but increased by 12 percent year on year to 122,980 mt, valued at $38 million. Of the
country's total coke exports in December, deliveries included 26,010 mt to India, 25,750
mt to Slovakia, 23,280 mt to Iran, 11,460 mt to Turkey, 9,370 mt to Romania, 8,730 mt to
Georgia, and 7,010 mt to Macedonia.
On the other hand, in December 2010 Ukraine's coke import volume increased by 12
percent month on month, but decreased by 5.3 percent year on year, totaling 37,720 mt at
a value of $12.2 million. Ukraine's coke import volume in December included 31,920 mt
from Kazakhstan, 3,560 mt from Poland, and 2,230 mt from Russia.