– by K SUBRAMANIAM
INDIA’S beleaguered iron ore mining industry is
lurching towards yet another crisis. After being battered with production cap,
environment-related clampdowns, labyrinth of taxes and duties and export
restrictions, the threat of a price ceiling for domestic iron ore producers
looms large. Reason: the government wants to ensure cheaper iron ore supplies
to steel manufacturers “reeling” under high material costs to rein in prices of
finished steel products.
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