Where does 1 Ton come from Richie2013? Ill-informed, please see article below from BBG.
http://bloomberg.com/news/2015-01-0...tart-biggest-iron-ore-mine-in-east-india.html
Tata Steel has more Fe produced for it than that & it's been cutting back mines due to poor quality ore. I see no evidence of iron ore supplied to meet Indian steel making capacity from elsewhere & they have very few plants in India making the contract spec grade for the steel mills for Middle class Indian housing developments in Mumbai, Delhi etc. Burgeoning middle class Indians don't live in poorly constructed houses these days. 1 Ton is about 2 decades out of date IMHO.
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