India Seeks Ban on Iron-Ore Shipments, Minister Says
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India, the world’s third-largest iron-ore exporter, should ban shipments overseas to ensure that local steelmakers have adequate supplies of the raw material, according to Steel Minister Virbhadra Singh.
The country will need increased quantities of iron ore to meet domestic demand from steel producers, so there is a need for a ban, Singh said at a seminar New Delhi today. Singh had said in May India will consider banning exports “if needed.”