indias export of IO to china is now falling through lack of demand, and also it is likely ban on indian io exports will materialise...
india currently imports world class, high grade IO from australia. a must have commodity for some indian manufacturers. considering cfr's grade of IO will be as low as that of nsl's, how will the 'by then' flooded low grade IO market in india affect the indian IO price ? how will this affect the bottom line of cfr?
only 1 thing to say, page-7
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