India Not Planning to Restrict Exports of Iron Ore

The Deccan Chronicle Reported that although India is attempting to curb illegal money, the country will not restrict its exports of iron ore. According to the Chronicle, Minister of State for Steel Vishnu Deo Sai has stated that the country will still have enough ore to supply domestic steelmakers.

As quoted in the publication:

Court orders against unlawful mining over the past four years cut iron ore output by a quarter, to 152 million tonnes in the last fiscal year, dropping India to the No.10 spot from its earlier position as the third-largest iron ore exporter. But Sai said iron ore output was still sufficient to meet the requirements of the domestic steelmakers.

Click here to read the full Deccan Chronicle article.

Get the Latest Iron Investing Stock Information

Get the latest information about companies associated with Iron Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

“Do You Want To Know which Base Metal to Invest in 2017?”

Find out everything an investor needs to know about base metals with our all-in-one FREE market report on base metals investments.   Get My Free Report

Leave a Reply