The Federation of Indian Mineral Industries (FIMI) has urged Indian government not to impose a blanket ban on
iron ore exports, as it would "affect
India's steel industry and result in the closure of captive mines."
FIMI secretary R K Bansal has said that the domestic steel industry has much more
iron ore supply than the required volume. A blanket on
iron ore export will cause most non-captive mine to close. It is stated that due to
mining halt, exploration will also stop preventing further additions to reserves and resources.
FIMI also suggested that steel plants should not be allowed to have captive mines since the domestic
iron ore production is already more than the domestic demand and will continue to be so for the next few years.