As the government rules out tweaking the extant iron ore export policy aimed at restricting exports for future domestic use, time is perhaps ripe for the non-captive producers of low grade ore to think out of the box to remain afloat.
There are indications that the price of the low grade ore is unlikely to zoom in further in the international market from around USD 35 a tonne now. At the same time, there is not enough demand for the low grade ore as it does not find much application domestically for want of appropriate technology.
This story is from the November 2016 edition of Steel 360.
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This story is from the November 2016 edition of Steel 360.
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