Has anybody else noticed this news into iron ore goings on in India ? "India steel producers caught in a tight spot as SC postpones illegal mining verdict" http://www.commodityonline.com/news/india-steel-producers-caught-in-a-tight-spot-as-sc-postpones-illegal-mining-verdict-46805-3-46806.html I notice they say imports could not be afforded. Their red tape must be minimal if they say - "Even if the Court allows opening up new mines in the state, it will take at least two to three months to start mining." Oh, major holdup. Anybody know what grades the Indian mills work on ?
IOH Price at posting:
$1.55 Sentiment: LT Buy Disclosure: Held
