Lakhs of Tons of Iron Ore is still waiting at KrishnaPatnam port to be exported. Initially a ton of Iron ore was sold at the rate of 3000 - 4000 INR. Now China has announced that , for coming 5 years they have enough Iron Ore. Now rate for single ton is around Rs 300 and Government rate is Rs 600. Either way do not work out for mine owners. Already few mines are shut down and many are in the queue.
Another hit :-(
Bye Bye Chiru
11 years ago
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3 comments:
Good riddance, steel prices in India will come down.
My concentration was more on employees working there...
In a free market there are always some losers, lets not get into that.
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