22
May
11:23
Election-induced mine auction delay seen disrupting Indian steelmaking
The auction of iron ore mining leases due to expire in March 2020 could be materially delayed by the Indian general elections, which would in turn significantly disrupt steel production, according to India Ratings and Research (Ind-Ra).
The credit rating agency estimates the licences of about 288 merchant mines will expire by March 2020. 59 of these are in operation, the majority of which are iron ore mines situated in Odisha and Karnataka with around 85 million…
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Anonymous
Very good overview of the weekly steel market.
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