Quality control on iron ore exports to be implemented
Indian government is planning to implement restrictions on all grades of
iron ore following complaints about poor quality
iron ore shipments to
China.
In line with the new regulation, export of only high grade
iron ore with ferrous content of more than 64% will be restricted.
The Department of Commerce is considering the issue and a final decision will be issued after consultations with Steel and Mines Departments.
The new regulation is expected to keep the subject raw material in domestic market. Therefore the problem of raw material shortage may be eliminated.