The tussle between iron ore miners and steel companies over exports to China has taken a political turn with both sides questioning each other’s patriotism. In a fresh missive to Prime Minister’s Office, the Federation of Indian Mineral Industries (FIMI) said it is very unbecoming on the part of Indian Steel Association (ISA) of doubting .
Steel cos, iron ore miners spar over exports to China
January 11, 2021
Question patriotism of each other
The tussle between iron ore miners and steel companies over exports to China has taken a political turn with both sides questioning each other’s patriotism.
In a fresh missive to Prime Minister’s Office, the Federation of Indian Mineral Industries (FIMI) said it is very unbecoming on the part of Indian Steel Association (ISA) of doubting the patriotism of the iron ore industry for exporting maximum quantity to China when the steel industry itself is trading with China.
Some of the primary steel producers, who are recommending a ban on iron ore exports, exported 7.52 million tonnes (mt) of iron ore last October and November besides 10.63 mt of pellets illegally, last fiscal. Only State-owned Kudremukh Iron Ore Company is legally allowed to export pellets. The fact that the primary steel producing companies are exporting iron ore indicates that there is no shortage of iron