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Business Standard reports that the devastating earthquake in Japan may affect the iron-ore prices in the near term.
Business Standard reports that the devastating earthquake in Japan may affect the iron-ore prices in the near term.
The market news is quoted as saying:
Japanese Steel Mills (JSM), which account for about 10 per cent of the world steel production, imports all of its raw materials. While India caters to some of JSM’s iron ore requirements, coal is mostly supplied by Australian miners.