India is now importing large quantities of iron ore.
"The chief minister had stated that steel companies are importing a huge quantity of iron ore at a time when the country is facing the problem of large trade deficit."
Indian iron ore miners cannot compete with overseas imports....... Australia... I did tell you blokes but nobody listened.
"The government is considering raising import duty on iron ore, a key raw material used in steel making, with a view to protecting the domestic industry, sources said. "
IOR was never going to be successful.
Read more at:
//economictimes.indiatimes.com/articleshow/67542935.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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