Ann: Interim Update, page-80

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.


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