India Keeping More Iron Ore at Home

Globe and Mail reports India’s iron ore exports could halve over the next five years as the country grows its steel industry.

The market news is quoted as saying,

Lower shipments from the world’s number three exporter should help bolster prices that have already more than trebled from late 2008, as massive increases in global supply are only expected to come through by 2015 and demand from top consumer China rises.

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