INDIAN STEEL MAKERS AND MINERS ROW ABOUT IRON ORE COSTS
February 1st, 2014
Steel makers and iron ore producers in the southern Indian state of Karnataka are engaged in a war of words over iron ore pricing. The steel sector claims local miners are colluding to keep prices high and the ore sector denies this, arguing volatile pricing has been caused by a shortage of domestic supply and rising mining costs.“In the last four months, as a result of this cartelisation and abuse of dominance by certain private players, iron ore fines prices have doubled to USD80 per tonne” for 61% Fe-standard fines, four industry associations said in a ...
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