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.