11
Jul
08:47
India to auction ore mines, support steel production
India’s government plans to auction around 20 major iron ore mines this year, marking its first-ever such sale, notes Kallanish.
The immediate impact on iron ore output might be limited amid a global supply glut. However, the mine sales are expected to bring India closer to its ambitious goal of tripling steel production capacity to 300 million tonnes/year by 2030, thereby reducing reliance on imports.
Additionally, the initiative aims to address the contro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous