Indian Steel Mills Urge Iron Ore Export Ban Amid Surging China Sales
Steel

Indian Steel Mills Urge Iron Ore Export Ban Amid Surging China Sales

Indian steel mills are advocating for a ban on the export of iron ore as they grapple with the soaring demand from China, raising concerns about domestic supply and escalating prices. The industry's plea comes against the backdrop of a significant surge in iron ore exports to China, impacting the availability of this crucial raw material for the Indian steel sector.

The call for an export ban stems from the desire to prioritise domestic supply and stabilise prices in the face of robust Chinese demand. Indian steel producers are increasingly alarmed by the surge in iron ore exports, which has the potential to create shortages within the country.

The spike in China's appetite for Indian iron ore is primarily attributed to the global supply chain disruptions and increased infrastructure development activities in the wake of the post-pandemic economic recovery. This surge in demand has prompted Indian steel mills to seek regulatory intervention to safeguard their access to a key raw material.

The proposed export ban aligns with the broader goal of securing the interests of the Indian steel industry, ensuring a steady supply of iron ore for domestic production. It reflects the industry's concerns about the potential adverse effects of a sustained increase in exports on the stability and competitiveness of the domestic steel market.

As discussions unfold around this issue, the steel sector's appeal for a ban on iron ore exports highlights the delicate balance between catering to international demand and safeguarding the strategic interests of the Indian steel industry.

Indian steel mills are advocating for a ban on the export of iron ore as they grapple with the soaring demand from China, raising concerns about domestic supply and escalating prices. The industry's plea comes against the backdrop of a significant surge in iron ore exports to China, impacting the availability of this crucial raw material for the Indian steel sector. The call for an export ban stems from the desire to prioritise domestic supply and stabilise prices in the face of robust Chinese demand. Indian steel producers are increasingly alarmed by the surge in iron ore exports, which has the potential to create shortages within the country. The spike in China's appetite for Indian iron ore is primarily attributed to the global supply chain disruptions and increased infrastructure development activities in the wake of the post-pandemic economic recovery. This surge in demand has prompted Indian steel mills to seek regulatory intervention to safeguard their access to a key raw material. The proposed export ban aligns with the broader goal of securing the interests of the Indian steel industry, ensuring a steady supply of iron ore for domestic production. It reflects the industry's concerns about the potential adverse effects of a sustained increase in exports on the stability and competitiveness of the domestic steel market. As discussions unfold around this issue, the steel sector's appeal for a ban on iron ore exports highlights the delicate balance between catering to international demand and safeguarding the strategic interests of the Indian steel industry.

Next Story
Infrastructure Urban

Six Bidders Vie for Rs 572 Bn Jaiprakash Associates

The scramble to rescue Jaiprakash Associates Ltd (JAL), the flagship of the debt-laden Jaypee Group, reached a decisive stage on Tuesday as the window for resolution plans shut with at least six suitors in the fray. Industry sources say Adani Enterprises, Vedanta Group, Dalmia Bharat, Jaypee Infratech (backed by the Suraksha Group), Jindal Power and PNC Infratech have all lodged bids. Jaypee Infratech confirmed its submission but declined to reveal details.Lenders will open and assess the offers at a Committee of Creditors meeting today. Although bid values remain under wraps, the National Ass..

Next Story
Infrastructure Urban

Delhi Orders Urgent MAMC Hostel Repair and Safety Upgrade

Delhi Chief Minister Rekha Gupta has instructed multiple departments to overhaul hostel infrastructure and enhance student safety at Maulana Azad Medical College (MAMC). Chairing a high-level meeting at the Delhi Secretariat with Public Works Department, Health officials and student representatives, the Chief Minister demanded immediate repairs to ageing hostel blocks, new high-intensity LED lighting, round-the-clock CCTV coverage and a larger security presence.She also ordered a special drive to clear illegal encroachments around the campus and fast-track plans for an additional hostel, delay..

Next Story
Infrastructure Transport

Vikaspuri Road Upgrade, Tree Drive to Boost Delhi Constituency

Delhi’s Health and Transport Minister Pankaj Kumar Singh has broken ground on the long-awaited Baprola Village–Harphool Vihar road while leading a record plantation of 501 saplings under the “Ek Ped Maa Ke Naam” campaign. He said the two initiatives reflect the capital’s “people-centric governance”, promising safer, faster and more dignified daily life for residents.The rebuilt thoroughfare will ease commutes for Baprola Village, G-2 Jai Vihar, Prashant Enclave, Bajrang Chowk and Harphool Vihar, directly benefiting an estimated three thousand to three thousand five hundred school..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?