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India Says Iron Ore Rail Freight Rates to Rise

https://en.steelhome.com [SteelHome] 2011-03-30 16:56:20

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Indian Railways will levy a "busy season charge" of 7 percent on iron ore freight rates from April 1 to June 30, and from Oct. 1 to March 31, the state-owned transporter said in a statement.

India, the third biggest exporter of iron ore, had hiked railway freight rates by 100 rupees to 1,600 rupees per tonne from March 3.

The railways has also levied a busy season charge of 5 percent on coal and coke group.

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