India faces domestic iron ore supply challenges despite ample reserves

Degrading quality, challenges with auctions and high premiums on mines will act as a deterrent in securing domestic iron ore supplies for Indian steelmakers despite abundant reserves, participants said during a Sponge Iron Manufacturers Association conference held Jan. 16. Global production of high-grade iron ore that is with an Fe content of over 62% has reduced from 60% to 40% in the last fiveDegrading quality, challenges with auctions and high premiums on mines will act as a deterrent in securing domestic iron ore supplies for Indian steelmakers despite abundant reserves, participants said during a Sponge Iron Manufacturers Association conference held Jan. 16. Global production of high-grade iron ore that is with an Fe content of over 62% has reduced from 60% to 40% in the last fiveRead More