Smaller steelmakers in India seek a ban on iron ore exports after a 170% surge in sales to Chinese mills inflated local prices. Fearing industry shutdowns, lobby groups from major manufacturing states request government restrictions. Second-tier producers, constituting 40% of national output, face higher input costs than top mills. Any export limits could support iron ore prices
Indian exports jumped 170% to 44 million tons last year most of which went to China at a time when domestic demand for the raw material is rising. That’s prompted the worst-affected sections of the industry to seek restrictions from the authorities to protect their margins.
Indian Steel Mills Seek Iron Ore Export Ban as China Sales Jump bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Indian steel mills seek iron ore export ban as China sales jump ajot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ajot.com Daily Mail and Mail on Sunday newspapers.
Bhubaneswar : Sponge Iron Manufacturers Association (SIMA) in association with The Energy and Resources Institute (TERI) organised a workshop focused on accelerating decarbonisation for India's steel sector here on Wednesday. The workshop, titled "A