China plans to import Indian iron ore

China plans to import Indian iron ore

According to latest industry news, a Chinese delegation is expected in India during the month of November in order to strike a deal with Steel Authority of India Ltd. (SAIL) for importing iron ore. SAIL authorities mention that as a result of the tremendous demand and consumption in China, the country is in search of iron ore sources, and it may also buy steel from India. It is understood from the comments that India would act willing to sell material to China under these circumstances.