IRON-ORE
Indian steel producers have called for the immediate auction of the country’s estimated 128-million-ton iron-ore stockpile to avoid hoarding.
Domestic steel producers believe the imminent rise in production across iron-ore-bearing provinces, combined with falling overseas shipments and depressed prices, could result in a “scarcity amidst plenty”, as miners hold on to pit-head stocks and artificially push up prices.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access