gfiles magazine

March 21, 2017

CAPPING IRON ORE PRICES : A myopic view

– 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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