Steel industry’s iron ore shortage charge ‘artificial’, say miners

Iron ore miners on Monday described as “artificial” the steel industry’s allegation that the steel making raw material is in shortage in the country at present. The domestic steel industry has been petitioning the government for imposing a ban on iron ore exports, at least for the time being, in view of the scarcity and spiraling price of the raw material.

Last week, steel minister Dharmendra Pradhan said a short-term ban on iron ore exports was under consideration.