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wgdt72

1,819 Posts.

29

17/01/19

13:14

Post #: 37143573
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Originally posted by rocket973 ↑

India is now importing large quantities of iron ore.

"The chief minister had stated that steel companies are importing a huge quantity of iron ore at a time when the country is facing the problem of large trade deficit."

Indian iron ore miners cannot compete with overseas imports....... Australia... I did tell you blokes but nobody listened.

"The government is considering raising import duty on iron ore, a key raw material used in steel making, with a view to protecting the domestic industry, sources said. "

IOR was never going to be successful.

Read more at:
//economictimes.indiatimes.com/articleshow/67542935.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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Thanks for the reminder. LOL. I feel much better now.!!!!

Though i do think it goes much deeper than this the issues that forced this situation.
But combine them all and you know.......

IOR Price at posting: 6.9¢ Sentiment: None Disclosure: Held
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