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01 Feb
00:00

Indian industrial body calls for state iron ore intervention to avoid 'unprecedented crisis'

India’s steel industry is on the brink of an “unprecedented crisis” as a result of domestic iron ore mining bans and an influx of steel imports from Russia and China that are undercutting local prices, according to the Associated Chambers of Commerce & Industry of India (Assocham). The industrial body has called on government intervention to “correct the artificially inflated rate of iron ore” charged by domestic merchant mi…
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