Real Assets
Just at time when the domestic iron ore industry had started recovering from slowdown in demand, the central government is planning to cap price of the natural resource in order to make cheaper raw material available to the steel industry. But the iron industry says price should be market determined.Over supply of iron ore from China had kept the price muted in the past. However, with the improvement of demand in China the prices have seen an upward movement.According to sources, the central government is planning to put a cap on the price of iron ore, which would enable steel...