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India considers incentives and policy prescriptions to tackle carbon taxation challenges, including Europe s CBAM. Recommendations from 13 task forces on decarbonizing the steel sector will be compiled into an integrated document and floated for stakeholder consultations. The document will suggest investment incentives like concessional finance and long tenure loans to ensure a level playing field among domestic steel makers. ....
Among the companies, NMDC is expected to report the best quarterly performance, helped by volume and prices rising by nearly a fifth from the year before. This could help the state-run iron ore miner s operating profit per tonne surge by more than 40% in the three months ended December 31, said analysts. ....
Steel cos, iron ore miners spar over exports to China January 11, 2021 Question patriotism of each other The tussle between iron ore miners and steel companies over exports to China has taken a political turn with both sides questioning each other’s patriotism. In a fresh missive to Prime Minister’s Office, the Federation of Indian Mineral Industries (FIMI) said it is very unbecoming on the part of Indian Steel Association (ISA) of doubting the patriotism of the iron ore industry for exporting maximum quantity to China when the steel industry itself is trading with China. Some of the primary steel producers, who are recommending a ban on iron ore exports, exported 7.52 million tonnes (mt) of iron ore last October and November besides 10.63 mt of pellets illegally, last fiscal. Only State-owned Kudremukh Iron Ore Company is legally allowed to export pellets. The fact that the primary steel producing companies are exporting iron ore indicates that there is no ....