Trade Resources Market View Steel Makers in Chhattisgarh Are Mulling a Plan to Block The Transportation of Iron Ore

Steel Makers in Chhattisgarh Are Mulling a Plan to Block The Transportation of Iron Ore

Business Standard reported that te steel makers in Chhattisgarh are mulling a plan to block the transportation of iron ore from the NMDC facility if the mining major fails to take any decision to cut the price.

Chhattisgarh Sponge Iron Manufacturers Association President Mr Anil Nachrani said. “The NMDC is exporting iron ore to Japan for INR 1527 a tonne while the domestic industrialists are getting iron ore from the company at a price of INR 5390 per tonne,”
 
Mr Nachrani said “The industrialists in the state have decided to lodge a vehement campaign against NMDC in Chhattisgarh if it failed to take necessary action.”
 
Mr Nachrani added that as a first step, the industrialists are planning to stage rail rook agitation to block transportation of iron ore from NMDC facility to Visakhapatnam from where it is shipped to Japan.
Source: http://www.steelguru.com/indian_news/Chhattisgarh_steel_makers_plan_to_block_NMDC_iron_ore_shipments_for_exports/292997.html
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Chhattisgarh Steel Makers Plan to Block Nmdc Iron Ore Shipments